ssangyong


REPORT: Police storm occupied SsangYong factory after dropping tear gas from helicopters

Most American pistonheads' exposure to SsangYong is limited to Jeremy Clarkson beating one to death with a sledgehammer (or similar). However, not only did South Korea's fifth largest automaker once build Jeeps for the U.S. Army, in the 1970s they changed their name to Dong-A Motor. Obviously, they have since reconsidered. These days, they owe about half a billion dollars to various creditors and suppliers. As such, SsangYong managment has decided to go ahead and liquidate some assets and fire 37% of the company. Not so fast, says The Wall ... Read more →

Korean police to storm Ssangyong factory occupied by fired workers? Jonathon Ramsey

Earlier this year, when Ssangyong was allowed to continue as a going concern, the company had to let go of around 900 workers. Those workers (above) then effectively said "all your factory are belong ...

REPORT: Pipe and firebomb-wielding strikers injure 70 at Ssangyong plant; 4,000 flee Michael Harley

After slipping into receivership this past January, Ssangyong Motor Company's problems have only escalated. A court-ordered restructuring of the Korean automaker earlier this year left 976 employees ...

Ssangyong given go-ahead to restructure, avoids liquidation Frank Filipponio

A South Korean court just approved a plan to keep SsangYong Motor (SYMC) out of liquidation. In granting its approval the court agreed with a recent report that showed SsangYong is worth more alive ...

Ssangyong preparing to lay off nearly 40% of workforce by end of June? Jonathon Ramsey

Ssangyong Motor Company is still struggling to gain traction after it ceased production late last year and slipped into receivership earlier this year. It restarted its production lines in February, ...

SsangYong brings diesel-hybrid Eco C200 CUV to Seoul 7 months ago on Autoblog

The Seoul Motor Show was the first place new versions of SsangYong's C200 compact urban vehicle (CUV) saw the light of day. The C200 Eco (above) puts up a green flag with a diesel hybrid powertrain that should reduce CO2 emissions by 50%. The Aero version (the black model in the gallery below) ...

Seoul Preview: SsangYong to show C200 Eco crossover concept in Korea 7 months ago on Autoblog

SsangYong first unveiled its C200 concept crossover at the Paris Motor Show last autumn, and it will release a toned-down version that's nearly production-ready at next month's Seoul Motor Show. The financially battered Korean automaker says its less aggressively-styled C200 is similar in size to ...

REPORT: Ssangyong restarts production 9 months ago on Autoblog

Korean automaker Ssangyong has reportedly restarted five of its production lines at its plants in Pyeongtaek and Changwon. Earlier this month, Ssangyong was forced to enter receivership as a last ditch effort to stave off bankruptcy after failing to negotiate a deal with Shanghai Automotive ...

Not Quite Dead Yet: Russian firm vying for Ssangyong SUV assembly rights 9 months ago on Autoblog

What's next for Ssangyong? The automaker, which is the fifth largest in Korea, was forced to enter into receivership last week after failing to secure adequate funding past what was required to pay its workers for time already put in. SAIC, the company's Chinese owners, have given up management ...

Ssangyong enters receivership 10 months ago on Autoblog

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 ...

Ssangyong gets bailout from SAIC 10 months ago on Autoblog

It may not be the entire 320 billion won that its largest creditor was looking for, but Shanghai Automotive Industries Corp's recent announcement that it would prop Ssangyong up with an investment of 25.9 billion won ($19.89 million) should do the trick. SAIC says the money is to facilitate the ...

Ssangyong faces liquidation if SAIC doesn't prop up ailing automaker 10 months ago on Autoblog

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 ...

Ssangyong says it's out of money, can't pay workers 10 months ago on Autoblog

Ssangyong, which recently attended the Paris Motor Show and showed off the C200 4-wheel-drive, is officially out of money. The company is more than $77 million (US) in debt, and no longer has the funds to pay its employees' salaries. Ssangyong is owned by Shanghai Automotive Industries China, ...

Paris Preview: Ssangyong in the house with C200 1 year ago on Autoblog

If you want an SUV that looks like what a really cool Saab 9-4 might potentially look like, but you want it to have a Mercedes model name and be from Korea, then you're looking for the Ssangyong C200. Known outside the U.S. for its 4-wheel drives like the Ssangyong Musso, which means "double dragon ...

Rendered Speculation: Roewe SUV 1 year ago on Autoblog

Roewe, SAIC's renamed Rover, has an SUV in the works. Details are scant, though it's reportedly based on a Ssangyong model. We think the Ssangyong Kyron is hiding under the Roewe's handsome sheetmetal. The Kyron carries its Mercedes-esque styling atop a ladder frame and off-road capable 4WD ...

Frankfurt 2007: WORLD PREMIUM ZENITH! SsangYong Wz Concept 2 years ago on Autoblog

Click image for photo gallery We'll just begin by directly quoting SsangYong's press release. "In particular, Wz stands for "World Class, World Standard, World Premium Zenith." And so begins the Chinese-controlled (SAIC has a 51% stake) Korean automaker's journey down a road ultimately leading to a ...

SsangYong Rexton gets two new limited editions in the UK 3 years ago on Autoblog

I had never heard of Korean carmaker SsangYong until about a year ago when I walked past a dealership in Switzerland, saw the vehicles on the showroom floor, and thought to myself, "Good Lord. It's like someone cross-bred an M-Class with a Lancia Thesis." In case you're wondering, that's bad. That ...

Spy Shots: 2007 Honda CR-V 3 years ago on Autoblog

A tipper just sent us some pics of what appears to be the next Honda CR-V caught nekkid out in public. While the front end looks like a reasonable update to the current model, the rear, especially the sloping window line aft of the C-pillar, looks like Honda took a page right out of the Ssangyong ...

Busan Motor Show 2006 comes to a close 3 years ago on Autoblog

The 2006 Busan Motor Show in South Korea has ended and Car Design News has a modest pic gallery of some of the more interesting autos on the show floor. The SsangYong Actyon Sports, for instance, is a pickup version of the Actyon compact SUV and looks like the love child of a Pontiac Aztec and ...

Ssangyong Rexton II revealed ahead of schedule 3 years ago on Autoblog

Though not scheduled to be officially unveiled before the end of the month, a pair of pics has already been released of the redesigned Rexton II from the Chinese-owned Korean automaker Ssangyong (click here to see its UK site). The Rexton doesn’t appear all that large from the outside, but ...






Autoblog Podcast #151: With Car and Driver's Eddie Alterman

Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.

 
 

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