Let's take stock of what major events happened in the automotive circle on January 11, 2022.
Auto Incident 1: Edison Motors' acquisition of SsangYong Motors has been approved
Recently, according to overseas media reports, the acquisition of SsangYong by South Korean electric vehicle startup Edison Motors has been approved by the Seoul court in South Korea, which will be a transaction worth 224 million euros. SsangYong's Indian parent company, Mahindra & Mahindra, has stopped investing in SsangYong motors.
In October 2021, Edison Motors' intention to acquire a well-known Korean car brand was made public. Now that the project has been approved, the future of SSangYong Motors, which has been dragging serious economic problems, has become clear.
It is reported that the final agreement that has been signed includes the use of all the funds of the acquisition to pay part of the debts of SsangYong Automobile Company and financial institutions. Edison Motors also agreed to provide SsangYong with a working capital of €37 million to help the company make ends meet. This means that SsangYong Automobile will continue to operate normally.
In addition, a South Korean court has determined that Edison Motors will propose a repair plan for SsangYong by March 1, 2022. Edison Motors stressed that it will set up a special purpose company to transform SsangYong Motors into a pure electric vehicle brand for up to five years.
Car incident two: Chery small ants / large ants for a limited time does not increase prices
On January 11, we learned from the official that in response to the national subsidy decline from January 1, Chery New Energy's small ants and large ants launched a time-limited price increase policy, with a deadline of January 31, 2022.
Car Incident Three: Maserati announces its campaign for Formula FE E from 2023
A few days ago, we learned from the official that Maserati announced that it will compete for the first time in 2023 at the ABB FIA Formula E World Championships. Starting season 9, Maserati will compete for the event with the all-new Gen3 and unveil a trailer for the car.
Car Incident Four: Bugatti recalls 9 Chiron Pur Sport overseas
Recently, according to the documents of the National Highway Traffic Safety Administration, Bugatti will recall the Chiron Pur Sport model in the United States in the near future, a total of 9 units. It is worth mentioning that since the reason for the recall is not the safety and quality of the vehicle itself, the recall will not shake its position in the automotive industry.
According to the information currently released, the rear tires of the Bugatti Chiron Pur Sport model may have cracks after driving about 4,000 kilometers, which may cause "rapid tire pressure loss", a problem that will cause a huge safety hazard if it occurs at high speeds.
"Car News of the Day", here is the latest car news of the day, please continue to pay attention to "The Way to Know the Car".