ssangyong motor Archives | Be Korea-savvy
Edison Motors Aims to Turn Around SsangYong in 3-5 Years

Edison Motors Aims to Turn Around SsangYong in 3-5 Years

SEOUL, Oct. 22 (Korea Bizwire) — Edison Motors Co., the likely preferred bidder for financially troubled SsangYong Motor Co., said Friday it aims to turn around SsangYong in three to five years by focusing on transforming it into an electric vehicle-focused carmaker. On Wednesday, SsangYong and its court-appointed lead manager recommended a local consortium led [...]

Local EV Consortium Recommended as Preferred Bidder for SsangYong Motor

Local EV Consortium Recommended as Preferred Bidder for SsangYong Motor

SEOUL, Oct. 20 (Korea Bizwire) — A South Korean consortium led by local electric carmaker Edison Motors Co. has been recommended as the preferred bidder to acquire SsangYong Motor Co., the company said Wednesday. “SsangYong and its lead manager have recommended the Edison Motors consortium as the preferred bidder for the carmaker,” a SsangYong Motor [...]

Another Private Equity Fund Joins Consortium to Acquire SsangYong Motor

Another Private Equity Fund Joins Consortium to Acquire SsangYong Motor

SEOUL, Aug. 9 (Korea Bizwire) — Another homegrown equity fund renowned for its failed attempt to take over the holding company of the country’s largest airline last year has joined a consortium to acquire SsangYong Motor Co., the consortium said Monday. The Korea Corporate Governance Improvement (KCGI) fund came aboard the consortium that Edison Motors [...]