Takeover of SsangYong Motor by consortium collapses

SEOUL: Troubled South Korean off-roader SsangYong Motor has voided the agreement for its takeover by a domestic consortium led by electric truck maker Edison Motors. The consortium had let the deadline for paying the full takeover price pass, SsangYong ...

Ssangyong back on sale; Edison Motors misses payment deadline

They had agreed to buy the debt-ridden brand from Mahindra & Mahindra for a total of US$ 255 million. South-Korean car brand Ssangyong Motors has announced that its deal with the consortium led by Edison Motors has been called-off ...

Court sets new deadline for SsangYong to find new owner

SEOUL, March 29 (Yonhap) — A Seoul court has set a new deadline for SsangYong Motor Co., under court receivership, to find a new owner as its preferred bidder failed to make a full payment to acquire the carmaker, SsangYong ...

Australia's cheapest electric ute update: The affordable SsangYong EVs and SUVs up in the air as the Hyundai and Kia compatriot brand backs out of buyout plans with EV truck firm Edison Motors

The future of SsangYong’s SUVs, trucks and EVs is unknown now that suitor Edison’s proposed acquisition plans have collapsed. SsangYong is back at square one searching for a new parent, now that South Korean truck and bus manufacturer Edison ...

SsangYong’s future in doubt as acquisition deal voided

Edison Motors’s consortium take-over bid for SsangYong looks to be in doubt, with reports out of South Korea saying the deal has been cancelled. According to Yonhap News Agency, SsangYong has walked away from the agreement after Edison Motors and ...

(3rd LD) Edison's proposed acquisition of SsangYong Motor collapses on payment failure

(ATTN: UPDATES with details in paras 6-7, 11) SEOUL, March 28 (Yonhap) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling stake to ...

(2nd LD) Edison's proposed acquisition of SsangYong Motor collapses on payment failure

(ATTN: UPDATES with details in paras 5-6, 10-13; CHANGES photos) SEOUL, March 28 (Yonhap) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling ...

SsangYong in trouble again, cancels acquisition deal - report

SsangYong can’t catch a break. The Korean automaker secured a buyer last year after being kicked to the kerb by its owner Mahindra, but now that deal has been scrapped. Korean news outlet Yonhap reports SsangYong has cancelled the deal ...

Edison's proposed acquisition of SsangYong Motor collapses on payment failure

(ATTN: ADDS more details throughout; CHANGES headline) SEOUL, March 28 (Yonhap) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling stake to Edison ...

SsangYong takeover on brink of collapse, as buyer runs out of money – report

The buyer of struggling Korean car maker SsangYong has failed to front up the cash required to complete its takeover, leaving the deal on the brink of collapse, according to international media outlets. In January a consortium of investors ...

SsangYong cancels acquisition deal with Edison Motors on payment failure

SEOUL, March 28 (Yonhap) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling stake to Edison Motors Co. due to the electric bus ...

Edison's acquisition of SsangYong may collapse on payment failure: sources

By Choi Kyong-ae SEOUL, March 27 (Yonhap) — A local consortium’s planned acquisition of SsangYong Motor Co. may fall apart, as it failed to pay the remaining acquisition money for the SUV maker by the deadline, industry sources said Sunday. ...

SsangYong Musso 2022 review: XLV ELX - GVM test

Is the Musso worth considering over a Ranger or HiLux? (image credit: Mark Oastler) Likes Best-in-class warranty Build quality/refinement Value for money Dislikes No ANCAP Soft rear suspension Centre-rear lap-belt The Ssangyong Musso 4×4 ute has always been a ...

SsangYong planning electric Musso ute with over 500km of range - report

After launching its Korando E-Motion, SsangYong has another vehicle in mind for an electric vehicle transformation: its Musso ute. Korean outlet Auto Post reports SsangYong’s purchaser, Edison Motors, wants to build an electric version of the Musso, known in Korea ...

SsangYong Rexton 4x4: It throws you everything but the kitchen sink

The Koreans are more than just Kia and Hyundai when it comes to cars

2021 SsangYong Korando ELX review

7.1/10Score Score breakdown 8.0 Safety, value and features 7.5 Comfort and space 7.0 Engine and gearbox 6.0 Ride and handling 7.0 Technology Things we like Modern, intriguing looks Low-down tractability Excellent value Not so much Stiff ride Highway wind noise ...

Ssangyong Musso ute 2023: electric dual-cab ute with 1000km range reportedly in development

One of the first cars built under Ssangyong’s new management, led by Edison Motors, could be an all-electric dual-cab ute

Pick-up trucks tested: New Isuzu D-Max vs Ford Ranger vs Ssangyong Musso vs Toyota Hilux

Pick-ups aren’t just workhorses for farmers and tradesmen; they can also serve as family vehicles. Let’s see which of the latest crop gets the job done best...

Australia's cheapest electric ute? SsangYong Musso EV could beat Kia, Hyundai to market and offer Rivian R1T-beating 1100km range - report

If the electric Musso gets the go-ahead for Australia, it could be Australia’s most affordable electric ute. SsangYong’s new owners have big plans for the Musso ute – the Korean workhorse is going electric. A report from South Korean ...

Electric SsangYong Musso due from 2023, 1100km range possible – report

An all-electric version of the SsangYong Musso ute could be in development for a launch as early as 2023, according to an unsubstantiated overseas report – capable of a driving range claim on par with a Toyota HiLux diesel. ...

Australia's cheapest large SUV gets a price bump! 2022 LDV D90 increase caused by supply issues but Mitsubishi Pajero Sport, SsangYong Musso rival still the most affordable

The LDV D90 is based on the underpinnings of the T60 ute. LDV has upped the price on its popular D90 ladder-frame SUV as a result of increased material and shipping costs over the past few months. It’s a ...

SsangYong's Feb. sales more than double on exports

SEOUL, March 2 (Yonhap) — SsangYong Motor Co. said Wednesday its sales more than doubled last month from a year earlier on sharply increased exports of its SUV models. SsangYong Motor sold 7,052 vehicles in February, up from 2,789 units ...

2021 SsangYong Musso XLV Luxury Pack review

Things we like Plenty of space inside and out Capable tow rig Value-packed option Not so much Length for off-roading Long-term prospects? Things we like Plenty of space inside and out Capable tow rig Value-packed option Not so much Length ...

Dacia Duster o SsangYong Tivoli: ¿qué SUV barato prefieres?

© Motor1.com España Dacia Duster Extreme Analizamos las versiones de entrada de estos dos modelos. A muchos les gustaría tener un flamante todocamino premium en el garaje, pero la realidad es que hay que mirar por la economía familiar ...

SsangYong Musso ELX XLV 2022 Review

The SsangYong Musso is a worthy competitor in the hard-fought 4x4 dual-cab ute segment, but has an uphill battle against the bigger brands

New SsangYong Korando e-Motion 2022 review

The Korando e-Motion is the first all-electric from SsangYong and arrives with a promised range of 211 miles

SsangYong files for court receivership after defaulting on loan repayment

SsangYong has filed for court receivership after it defaulted on a loan repayment of more than £40 million (60 billion South Korean won). Automotive News Europe reported that the company owed 30 billion won to Bank of America, 20 billion ...

Talks between SsangYong GB and Mitsubishi UK break down

Ssangyong GB has brought discussions about a potential takeover of Mitsubishi UK to a close. CarDealerMagazine.co.uk has cited a senior source who said that talks broke down after there were ‘substantial’ differences in the price wanted by both parties for ...

The 2021 Ssangyong Rexton Looks Amazing - But We Won't Get It

The Korean brand has long been absent from our market, but their newest Rexton is a stunner. While Ssangyong may not be the biggest name when it comes to Korean cars, there's no doubt that they know how to make ...

Ssangyong Tivoli gets new engines for 2020

Ssangyong has released its facelifted Tivoli SUV, with the biggest change coming in the form of new 1.2-litre and 1.5-litre turbocharged petrol engines. Minor styling tweaks of the budget crossover include a slimmer headlights, new three-piece fog lamps and the ...

This is the new SsangYong Tivoli...proper bargain

This is the new SsangYong Tivoli, a crossover so named because it spells “I lov it” backwards. That’s not even a joke. And it’s the best thing about the Tivoli. Honestly though, the Tivoli has always been a cracking proposition ...

Geneva 2017: SsangYong Teases XAVL 7-Seater Concept

With only two weeks remaining before the 2017 Geneva Motor Show opens its doors to guests and enthusiasts from all over the world, participating manufacturers are getting busy already, teasing us with some of the cars that will be revealed. One ...

Beijing 2016: SsangYong Tivoli To Lead Ssangyong’s Relaunch In Malaysia

The now-dormant SsangYong brand is set to make a comeback in Malaysia next year via a new distributor. Sources familiar with the matter told Carlist.my that the Tivoli crossover will be leading the Indian Mahindra & Mahindra-owned Korean brand’s re-entry into ...

Ssangyong to unveil Tivoli XLV and SIV 2 Hybrid concept in Geneva

Ssangyong has announced that it will be unveiling the production version of the XLV Air Concept, called the Tivoli XLV at the Geneva International Motor Show next month. The XLV is basically a longer-bodied Tivoli which offers more loading capacity ...

Long-term report: Our SsangYong Musso proves to be the ideal mountain bike companion

Like many, the seemingly constant lockdowns and being forced to stay at home most of the time has led to an awful lot of boredom. And as I hate nothing more than being bored, it’s led me to try and ...

New Ssangyong Musso lands in dealerships

Ssangyong’s new Musso has arrived in UK dealerships priced from £23,495 excluding VAT. The rugged pick-up truck brings a whole new exterior design with an ultra-large front grille dominating the look of the Musso. Designed with a five-seat crew-cab layout, ...

SsangYong announces official roadside assistance provider alongside range of winter deals

The RAC has signed a deal to provide roadside assistance to SsangYong customers. The contract will see RAC patrols assist both consumer and fleet customers driving in the UK and 48 countries in mainland Europe. A 12-month complimentary service will ...

SsangYong announces electric vehicle partnership with EO Charging

SsangYong Motors UK has signed a partnership with EO Charging to offer preferential prices to fit a home charger. Buyers of the South Korean firm’s Korando e-Motion electric vehicle will be given a discount on 7kW smart charger units and ...

The 2021 SsangYong Rexton gets a new engine and improved interior

The SsangYong Rexton has been updated for 2021, with a new engine, exterior styling changes and an improved interior. The seven-seat SUV is something of a left-field choice in the family car market, but the South Korean firm has earned ...

TECH NEWS LATEST

Ssangyong’s X200 concept gives glimpse of upcoming SUV

SsangYong's Jan. sales fall 13 pct amid chip shortage

SsangYong Motor to launch 1st EV model

New SsangYong J100 electric SUV uncovered

SsangYong to reveal bigger Tivoli, show off SIV-2 midsize SUV

2022 Ssangyong Korando e-Motion Review

Ssangyong Korando e-Motion 2022 UK review

SsangYong XAVL SUV concept to debut in Geneva

Imagine that! Ssangyong Tivoli is WCOTY nominee

Mahindra defers Ssangyong entry into US, wants to make cars in China

2023 Ssangyong J100/Musso electric SUV spied undisguised

The new SsangYong Tivoli XLV

SsangYong breathes new life into Rexton name

Ssangyong Rextons arrive in Britain after 13,000km 'test drive'

2022 SsangYong J100 electric SUV spied – UPDATE: Snapped undisguised

SsangYong J100: New electric SUV spied undisguised

SsangYong promotes COO Byung-tae Yea to CEO

SsangYong launches updated Turismo MPV

SsangYong Goes Electric to Save Itself

SsangYong Australia gives 3 years free servicing to frontliners

Ssangyong to sell assets after parent Mahindra drops rescue plan

Mahindra seeks to dump struggling unit SsangYong

SsangYong Motor files for receivership as it misses loan repayment

Ssangyong's Rexton facelift to bring more power, more smarts

SsangYong accelerates new model development to secure future

SsangYong previews next-generation SUV design

2015 SsangYong Tivoli is a Car That Targets Younger Buyers

Ailing SsangYong to open bid for new buyer

Whatever Happened To SsangYong?

SsangYong Expands The Available Via Motability Scheme Models

Top Car News Car News