Seoul, July 30 (IANS) A US vehicle importer and eight other companies have submitted letters of intent to acquire debt-ridden SsangYong Motor, the company said on Friday. US-based Cardinal One Motors, SM Group and Edison Motors Co confirmed they joined the race to acquire the financially troubled carmaker to expand their business portfolios. K-pop Motors Co, which mainly produces electric scooters, and pharmaceutical firm Park Seok-jeon & Co reportedly submitted LOIs. In April, they formed a… Source link
Read More »US firm, 8 others join race to acquire SsangYong Motor
