SEOUL -- Debt-laden South Korean automaker SsangYong Motor named a group led by a six-year-old electric vehicle startup as its preferred bidder on Wednesday, as it seeks to make a fresh start under a new owner.
Business deals
Troubled SsangYong Motor poised to sell itself to South Korean EV startup
Debt-laden automaker seeks to escape slump under Edison Motors
SsangYong Motor's Korando on display at the 2019 Seoul Motor Show. The South Korean automaker's output fell 20% in 2020. © Reuters
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