Currently reading: Report: Ssangyong hunts new owner as £187m buyout falls through

Korean marque's takeover by Edison Motors had been approved but payment deadline has reportedly been missed

Troubled Korean SUV manufacturer Ssangyong is reportedly on the hunt for a new owner after its buyout by nascent EV firm Edison Motors fell through. 

Earlier this year, the £187 million acquisition was approved by Korea's bankruptcy court, leaving it subject to Edison's payment of an outstanding £169m and agreement from more than two-thirds of Ssangyong's creditors.