Ssangyong faces liquidation if SAIC doesn't prop up ailing automaker
KDB is looking for 120 million won in cash from SAIC, along with another 200 million won in guarantees for loans. Those two bits of financial aid total about $249 million in U.S. funds. If SAIC refuses, KDB says it will not consider making any more loans to Ssangyong. What that means for displaced workers at the Korean automaker we don't know, but it doesn't sound good.
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