Mahindra & Mahindra to sell SsangYong to Edison Motors for $255 million
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 […]