THE BUZZ — SPOTLIGHT
Jan 21, 2022
2 minutes
GOODBYE SSANGYONG
AHINDRA AND Mahindra (M&M)-owned SsangYong Motor has been acquired by a consortium led by South Korean electric bus and truck maker Edison Motors for $254.56 million. In 2010, M&M had acquired a controlling 75 per cent stake in debt-ridden SsangYong and even retailed SUV Rexton in India, but may “still explore a partner as it makes sense for electric vehicles”.
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