ssangyong motors

Korean automaker Ssangyong Motors has featured the Chairman H in its lineup since 1997. The automaker's luxury flagship looked kind of like a poor man's Mercedes-Benz, and based on the above photo of the next generation model, it still does, only more so. The 2012 Chairman E Class H was ...

Could it be too late for Ssangyong? Shanghai Automotive Industry Corp. (SAIC) appears to have given up on Ssangyong Motor Co., allowing the company to slip into receivership. SAIC holds a 51% stake in Ssangyong, but gave up management rights in a bid to avoid liquidation and allow Ssangyong some ...

Things are looking dire at Korea's Ssangyong Motors, which, as you might recall, was unable to make payroll last week due to a total lack of cash on hand. The sordid tale continues this week as Ssangyong's largest creditor, Korea Development Bank (KDB), suggests that it will simply liquidate the ...