SsangYong seeks new buyer after Edison Motors deal falls through

ssangyong-seeks-new-buyer-after-edison-motors-deal-falls-through

Teaser for SsangYong Torres due in June 2022Struggling Korean automaker SsangYong is back on sale after a sale agreement made with a consortium led by fellow Korean automaker Edison Motors in January fell through. The consortium had agreed to pay $255 million for SsangYong which has been under insolvency protection since 2020, but failed to meet a payment deadline on March 25. In a…