SsangYong

If anyone remembers, there is a third manufacturer from Korea besides Hyundai-Kia and GM-Daewoo. That would be Ssangyong, the company that makes only three quirky SUV models and a ridiculous-looking minivan, all with Mercedes-Benz engines dating back 20 years. After its recent bankruptcy, the company is seemingly back again with an all-new model built on a new platform and with a new engine. It revives the SsangYong Korando nameplate, which used to be a midsize offroader, except that the new model is a compact crossover.

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Dubai’s Al Yousuf business group, which among its assets can count the Daihatsu dealer franchise in the UAE, has apparently bought out the US-based Phoenix Motorcars firm, in which it was a silent shareholder previously. Phoenix is a builder of niche electric vehicles and went bankrupt recently. Al Yousuf says this could mark the entry of electric vehicles in the UAE and GCC region.

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