Troubled Korean SUV manufacturer Ssangyong is reportedly on the hunt for a new owner after its buyout by nascent EV firm Edison Motors fell through.
Earlier this year, the £187 million acquisition was approved by Korea's bankruptcy court, leaving it subject to Edison's payment of an outstanding £169m and agreement from more than two-thirds of Ssangyong's creditors.
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Sad to hear that the buyout of Ssongyang has run into problems,the company produces some decent cars reasonably priced and of good quality
My criterion of EV manufacturer's success may be predicted by its name. Tesla was named after a genius of the electricity sience. It was original and proved successful. Then came followers naming the companies after other electricity geniuses: Faraday Future, Nikola (Tesla's first name), and now Edison. The first two success is doubtful and the third may not succeed. My prediction and doubt stem from the fact that these companies had no imagination or fresh thinking to find an original, full of imagination name. They may continue trying to follow Tesla, never innovating a design.