The ordeal that SsangYong is going through seems to have no end. The oldest and smallest car manufacturer in South Korea does not seem to find the peace of mind it needs to continue with its activity. Perhaps it is that its managers have not known how to act, but over the last few years we have seen how it sank a little more with each of the attempts to revive it. The proof: it has belonged to Daewoo, SAIC or Mahindra & Mahindra.
It was precisely Mahindra who threw her into the void by announcing that I wouldn't spend any more money on it.. From then on the fight SsangYong was decisive: find a reliable technology partner. However, it seems that luck continues to turn its back on him despite the fact that last January he announced an agreement with Edison Motors. Apparently, this association would have jumped due to problems with the last ones. We tell you what is happening.
SsangYong would be looking for a new partner before the insolvency of Edison Motors...
According to the press release published by SsangYong, Edison Motors has not paid the agreed money within the established period. In case you forgot, Mahindra & Mahindra sold almost all of its SsangYong shares for $252 million. And the payment was made in the following way. 10% in advance and the 90% that was still pending had to be disbursed before March 25. Result: the Hindus have not seen a hard…
Amen to what the contract has not been fulfilled and therefore they have the right to throw it away and turn it into wet paper. The problem is knowing what will happen from now on. Mahindra (albeit reluctantly) has not stopped refresh SsangYong range with subtle upgrades. Among the latest developments we have a Korando that is already on par with its generalist rivals or a Tivoli and Tivoli Grand that are liked and increasingly seen more on European streets.
A few months ago we learned that the south korean house worked on various projects. The first and most obvious is the Korando EV one hundred percent electric that will hit the showrooms in the coming months. Besides X200 y J100 which are scheduled for this year 2022 or at the latest for 2023. We will have to see if they arrive on time now that you need them so much, especially since they are the letter of introduction to find new partners...
Source - SsangYong
More information about this model
- Plazas 5
- Power 128 - 163 hp
- Consumption 5,6 - 7,7l/100km
- Assessment 4,1