Over the course of its history, the company has been owned by multiple other automakers including Daewoo, SAIC and Mahindra & Mahindra, before being bought by KG Group.

Ssangyong, previously owned by Mahindra & Mahindra, was acquired by KG Group last year. Now, the new owners are looking to rename the car brand altogether.

According to reports, KG Group chairman, Kwak Jae-sun, confirmed that the brand Ssangyong will be renamed to "KG Mobility" sometime later this year, with all its product receiving the KG logo. Kwak stated that while the "Ssangyong Motor" has a good fandom, there is also a painful image attached. The Group chairman confirmed that going forward all Ssangyong cars will come out under the name of KG.

Once the name change gets the green light, the company will undergo a complete marketing overhaul, including a new brand logo and corporate identity. Reports also suggest that while the name change will be an extremely difficult situation, it does signal a potential shift in the brand's business strategy from a traditional carmaker to a mobility firm.

KG Group is also yet to confirm if the name change will also come with a completely new product portfolio, or build on the ambitions of becoming a global brand. Ssangyong currently operates in a few international markets like Australia & Europe.

The South Korean brand was originally founded in 1954, with the first Ssangyong-branded vehicles coming in the 1980s. Over the course of its history, the company has been owned by multiple other automakers including Daewoo, SAIC and Mahindra & Mahindra, before being bought by KG Group.

Source: The Korea Herald

They had agreed to buy the debt-ridden brand from Mahindra & Mahindra for a total of US$ 255 million.

South-Korean car brand Ssangyong Motors has announced that its deal with the consortium led by Edison Motors has been called-off after the latter failed to pay up.

Back in January 2022, the company made a deal to sell its controlling stake to a consortium led by Edison Motors. They had agreed to buy the debt-ridden brand from Mahindra & Mahindra for a total of US$ 255 million.

Edison Motors was able to pay only around US$30.5 million, which is 10% of the acquisition cost. The company was ordered to pay the balance amount (US$ 223.8 million) by the Seoul Bankruptcy Court before March 25 to acquire Ssangyong. However, the consortium was not able to raise enough funds, especially after the withdrawal of Keystone & KCGI to make the payment on time, resulting in the termination of the deal between the companies.

Ssangyong Motors has been under court receivership since April 2021, when Mahindra & Mahindra failed to secure a buyer for the company. The Indian car brand had bought a 75% majority stake in the South Korean brand back in 2010.

Source: ET Auto

The South Korean carmaker has been under court receivership since April 2021

A South Korean consortium led by Edison Motors has agreed to buy debt-ridden SsangYong Motors from Mahindra & Mahindra for 305 million Won (US$ 255 million).

SsangYong Motor Company is said to have reported an operating loss of Rs. 1,473 crore (238 billion Won), between January and September 2021. The sales of the carmaker fell by around 21 per cent to 84,496 units in 2021, compared to the year earlier.

The South Korean carmaker has been under court receivership since April 2021, as Mahindra & Mahindra failed to secure a buyer for the company. The Indian automaker, which bought a 75% majority share of SsangYong back in 2010 has been trying to sell all if not most of its stake.

Source: Reuters

The jointly-developed battery pack will be used in SsangYong's first fully electric offering, codenamed U100

South Korean carmaker, SsangYong has entered into a new partnership with Chinese EV maker BYD.

The partnership will see both companies working together towards the development of battery packs for future EVs. The jointly-developed battery pack will be used in SsangYong's first fully electric offering, codenamed U100, which is expected to go on sale in 2023. The partnership with BYD will also help SsangYong transition faster into an EV-only brand.

SsangYong is currently under court protection and is awaiting a new owner to replace Mahindra. BYD, on the other hand, is currently the fourth largest company in terms of EV sales and battery development. The Chinese brand recently entered the Indian market with its E6 MPV, which is exclusively for commercial usage.

SsangYong & BYD are expected to expand their cooperation for the development of battery packs and EV-only production platforms in the future as well.

Source: Business-Standard

At present, Mahindra & Mahindra controls a majority 75% stake in the company.

Mahindra-owned South Korean carmaker Ssangyong Motors will be sold to Edison Motors, in a deal that is estimated to be worth about US$ 260 million.

Earlier this week, Ssangyong confirmed that Edison Motors-led consortium, which includes a South Korean investment fund, was its preferred bidder. The company manufactures electric buses and is developing commercial trucks. It aims to produce passenger EVs in the near future.

Ssangyong ran into financial trouble in 2020 after its output dropped by 20%. The company filed to enter receivership in December.

In 2004, Ssangyong was acquired by China-based SAIC Motor. At present, Mahindra & Mahindra controls a majority 75% stake in the company.

Source: Nikkei

HAAH plans to launch Ssangyong SUVs and pick-up trucks in USA and Canada.

According to a media report, US-based HAAH Automotive Holdings is set to acquire Ssangyong Motor Co.

The report states that Mahindra had been in talks with HAAH since last year. The latter plans to acquire a majority stake in Ssangyong and will submit a Letter of Intent (LoI) by July 30, 2021.

At present, Mahindra holds a 74.65% stake in Ssangyong. The company has been going through financial turmoil and was even placed under court receivership for the second time in April this year.

If HAAH succeeds in acquiring Ssangyong, the company plans to introduce the brand in the USA and Canadian markets.

Source: ET Auto

The Ssangyong Korando e-Motion is the brand's first battery electric vehicle.

Ssangyong has unveiled its first battery-electric vehicle, the Korando e-Motion SUV. Production of the new mid-size electric SUV has begun, with deliveries in the UK and other European markets expected to commence later this year.

The e-Motion is based on the brand's regular IC-engine powered Korando SUV. Hence, the electric SUV carries forward a similar design, apart from a few changes. These include an updated front fascia with a restyled bumper, repositioned fog lamps and a closed-off grille. The electric SUV also features a new aerodynamically designed set of alloy wheels, along with blue highlights all around.

The new Ssangyong Korando e-Motion SUV is said to be based on the Mahindra Electric Scalable & Modular Architecture (MESMA). The Korando e-Motion is powered by a 61.5 kWh lithium-ion battery pack sourced from LG Chem, offering a maximum driving range of 420 km as per the old NEDC test cycle (expected to offer 322 km as per the newer WLTP cycle),

While the details of the electric motor on the e-Motion are yet to be revealed, Ssangyong claims that its electric powertrain pushes out close to 190 BHP and the vehicle has a top speed of 152 km/h. The company also claims that the Korando e-Motion will offer 'best-in-class' acceleration figures.

Along with the unveil of the Korando e-Motion EV, Ssangyong also took the opportunity to announce its next electric SUV for the international market. Codenamed 'J100', the second electric SUV from the brand will be positioned below the Rexton, with its launch scheduled in 2022. The Korean brand has plans of introducing electric pick-ups in the future as well.

The MESMA 350 is a scalable EV platform that underpins the eXUV300.

According to a media report, Mahindra could come to the aid of Ssangyong by supplying its EV platform.

The report states that Mahindra plans to develop and supply the electric SUV platform called MESMA 350, to the Korean carmaker. This platform is suitable for converting existing internal combustion engine models to electric. It can also support standalone EVs.

The MESMA 350 platform was showcased at the 2020 Auto Expo. The Mahindra Electric Scalable Modular Architecture (MESMA) is scalable in terms of performance and range. The eXUV300 is based on this platform.

Other derivatives of this architecture include MESMA 48 and MESMA 72, which supports 3-wheelers, quadricycles and compact cars; among a few other vehicle categories.

Source: ET Auto

The 2.2L diesel engine now puts out 199 BHP and 439 Nm.

Ssangyong has taken the wraps off the 2021 Rexton for the global market. The SUV has been given a mid-life refresh.

The updated Rexton has been given a bold new grille that has a chrome frame and is flanked by 4-pod LED headlamps. It gets redesigned front and rear bumpers and reworked LED tail lights.

The interior layout hasn't changed much. It features a new 4-spoke steering wheel, a digital instrument cluster and an 8-inch touchscreen infotainment head-unit that has Apple CarPlay and Android Auto connectivity. The SUV is also equipped with 2-zone automatic climate control, heated and ventilated front seats, 360-degree camera, electronic tailgate and 9 airbags.

The updated Rexton G4 is powered by a 2.2-litre diesel engine. The power output has gone up from 178 BHP to 199 BHP, while torque has been raised from 420 Nm to 439 Nm. The engine is mated to a new 8-speed automatic transmission.

He knows the person selling the car and the car has been well maintained and has a 100% good service record in the company.

Jattitude recently shared this with other BHPians.

My cousin was in the market for an SUV (new or pre-owned) and he has been offered a February 2013 Ssyanong RX7 4x4, approximately 1,27,000 km driven with 2 new tyres and 2 in ok condition. He knows the person selling the car and the car has been well maintained and has a 100% good service record in the company. The asking price is INR 6 lakhs.

My questions are as below:

1) Are there any known issues with RX7 or is it a car that can munch a lot more miles?

2) What is the kind of service/parts related support available for owners in case of issues?

3) Will it be worth a buy or are there better options in a similar price range?

GTO's reply was as below:

Avoid at any & all costs, even if the seller gives it to you for 2 lakhs. You are basically paying him to take over his headache.

• The Rexton was a very mediocre SUV

• Mahindra workshops had no clue on how to service it

• The reliability was patchy

• Spare part availability is impossible

The car damaged the "Ssangyong" & "Rexton" brands so severely that Mahindra entirely ditched them when they launched the 2nd-gen car here, instead calling it the Mahindra Alturas G4.

As if the above wasn't enough, I would NEVER recommend anyone to buy a used car with 1.25 lakh km on the odo. A BHPian recently ignored this advice and ended up with a full engine rebuild bill within a month of buying a car.

Thanks to Jattitude once again! Check out BHPian comments for more insights & information.