Tag: Edison Motors

Edison Motors

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KG Mobility's car plant in Pyeongtaek, Gyeonggi [NEWS1]

KG Mobility picked as preferred bidder for Edison Motors

KG Mobility is in the process of acquiring Edison Motors to diversify its car business. A bankruptcy court in Changwon, South Gyeongsang, picked KG Mobility as a preferred bidder to acquire the electric bus maker, which has been under a court-led...

2023.4.27

Kosdaq-listed Edison EV declares bankruptcy

Edison EV has filed for bankruptcy, the company said in a regulatory filing Wednesday.

2022.5.4

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Ssangbangwool Group's headquarters located in Yongsan District, central Seoul [NEWS1]

SBG's acquisition plan for SsangYong still unclear

Ssangbangwool Group (SBG) emerged as a white knight for financially troubled SsangYong Motor after its acquisition by Edison Motors fell apart.

2022.4.5

SsangYong Motor's acquisition deal by a local consortium led by Edison Motors fell through Monday. [NEWS1]

Edison's takeover of SsangYong collapses

SsangYong Motor's attempt to find a new owner collapsed. An acquisition by a local consortium led by Edison Motors fell through Monday after the Korean electric bus manufacturer did not pay up.

2022.3.28

SsangYong's new owner, Edison, takes over

A Seoul court on Monday approved a local consortium's acquisition of SsangYong Motor, paving the way for the financially troubled carmaker to get back on track.

2022.1.10

SsangYong Motor purchase in doubt as investor balks

Keystone Private Equity is threatening to back out of the consortium buying SsangYong Motor, saying that it first needs to see a business plan that makes sense.

2022.1.3

SsangYong Motor's Korando e-Motion [SSANGYONG MOTOR]

SsangYong Motor seeks slight reduction in sale price

Edison Motors lowered its offer for SsangYong Motor by 5.1 billion won from its initial proposal, according to the two auto companies Monday.

2021.12.20

Korea Development Bank Chairman Lee Dong-gull speaks during an online press briefing held Tuesday. [KOREA DEVELOPMENT BANK]

Edison needs a solid plan for SsangYong Motor, KDB says

Korea Development Bank (KDB) Chairman Lee Dong-gull said no financial support for Edison Motors will be available unless the company has a clear and sustainable business plan for SsangYong Motor.

2021.11.30

SsangYong Motor reports 59 billion won net loss in third quarter

SsangYong Motor, the Korean unit of Indian carmaker Mahindra & Mahindra, said Monday its third-quarter net losses narrowed from a year earlier due to self-help measures.

2021.11.15