Indebted SsangYong sold for $ 250 million

SsangYong, which has been trying to establish itself on the Polish market since the mid-90s, did not do well in the last year. The company not only recorded a decrease in sales by nearly 21 percent, but is also heavily indebted. Only in the period from January to September 2021, SsanYong recorded an operating loss of nearly $ 200 million.

It is worth recalling that the South Korean manufacturer has already once been close to bankruptcy. It took place in 2010, but then the Indian Mahindra saved the company, taking over 75 percent. SsangYong shares. For some time now, the Indian giant has been looking for an investor who would buy back some or all of the shares. The domestic consortium – Edison Motors Co.

The rest of the text below the video:

The producer from Korea ensures that the troubles of the ownership did not and will not affect the company’s plans, including those related to the Polish market. Currently, the company has 28 authorized service points in the Vistula River and it does not intend to stop there. In 2022, the Polish importer intends to sell 1,500 cars and introduce a new model to showrooms – the fully electric Korando, which is also the first EV car of the South Korean concern. It is already known that the car will debut in the first half of 2022.

However, this is not the end of the news. Another electric model is to appear in the range next year, with the designation X200 for now.

Also read:

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

Check Also

Companies choose Toyota. The Japanese dominated the Polish market

Brand at the top It was not a coincidence. In 2021, Toyota registered the most …

Leave a Reply

Your email address will not be published. Required fields are marked *