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 in 2020.
• As of the end of 2020, SsangYong reported its debt rate to stand at 111.8 percent.

On Tuesday, cash strapped Ssa....