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ssangyong motors

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    Ssangyong unveils Mercedes-influenced Chairman H in Shanghai
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    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 ...

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    Ssangyong enters receivership
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    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 ...

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    Ssangyong faces liquidation if SAIC doesn't prop up ailing automaker
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    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 ...

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