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Mahindra & Mahindra to sell SsangYong to Edison Motors for $255 million

Edison Motors buying SsangYong

SsangYong Motor Company will be taken over by a local consortium led by Edison Motors after Mahindra & Mahindra is forced to let go of the debt-ridden South Korean carmaker. SsangYong will be acquired by the electric car company Edison Motors for 305 billion won (about $254.65 million). As compensation for their investment, the consortium […]

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