Search result for SsangYong
Edison Motors seeks to acquire SsangYong by borrow a loan from KDB
Edison Motors is seeking to ask for a loan from Korea Development Bank to acquire the troubled SsangYong Motor. The company is wanting to receive a loan of 700 billion to 800 billion won, as told by its chief executive officer.
Highlights
- Edison Motor...
S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL
Highlights –
- S. Korea’s automobile exports rose to 53% in April.
- In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
- Hyundai Motor Co. saw its exports jump 40.3 percent in April.
- SsangY...
SSANGYONG MOTOR CO.’S INCREASING DEBT MAKES AUDIOTR REJECT FINANCIAL REPORTS
Highlights –
- SsangYong Motor Co.’s increasing debt makes auditor reject financial reports.
- Samjong KPMG questioned the automakers ability to continue its business.
- The SUV-focused automaker logged $398 million in operating loss ...
S. KOREA’S EXPORTS OF AUTOMOBILES INCREASE BY 35 PERCENT IN FEBRUARY
Highlights –
- S. Korea’s exports of automobiles increase by 35 percent in February.
- In February, outbound shipments of automobiles were 161,886 units.
- Hyundai saw overseas sales increase by 40.4 percent in terms of units. ...
SSANGYONG MOTOR CO. TO EXTEND SUSPENSION OF ITS LOCAL PLANT
Highlights –
- SsangYong Motor Co. to extend the suspension of its local plant.
- The extension comes due to a lack of parts from contractors.
- The troubled car company has received a two-month suspension to pay its debts to its creditors....
SSANGYONG MOTOR’S UNION ASKED TO COOPERATE IN REHABILITATION, BUSINESS TURNAROUND
Highlights –
- SsangYong Motor’s union asked to cooperate in rehabilitation, business turnaround.
- The creditor bank for the automaking company has asked for the same.
- The creditors will not give the company any money if the union ...
SSANGYONG MOTOR CO. FILED FOR COURT RECEIVERSHIP; UNDER OVERDUE DEBTS
Highlights –
- SsangYong Motor Co. filed for court receivership; under overdue debts.
- SsangYong Motor Co. has overdue debts of 100 billion won from financial institutions.
- KDB and other creditors of SsangYong Motor did not approve the r...
SSANGYONG STRUGGLE TO ENTER FAST LANE
Highlights:
- SsangYong, the Korean SUV maker has experienced loss every year except for 2016.
- M&M says that it will inject 500 bn won into the unit via third party funding.
- In leu, SsangYong will lend M&M valuable platforms that the ...
CORONAVIRUS AFFECTED THE SOUTH KOREAN AUTOMAKERS
Highlights:
- China plays a big role in the global supply chain, it has a huge footprint in the auto industry.
- SsangYong Motor is the first automaker to be affected by the virus.
- The Chinese government has extended the Lunar New Year holiday ...
SSANGYONG WILL JOIN MAHINDRA-FORD ALLIANCE
Highlights:
- Mahindra-Ford alliance will join SsangYong Motor Company to build mid-size SUVs.
- Both the B (B772) and C segment SUVs (W601), will be shared by SsangYong Motor Company.
- SsangYong Motor Company has seen a slump of more than 5% th...