Review: 2021 SsangYong Rexton 2.2 4x4 AT

SsangYong is a brand that has not had the best reputation in the Philippines. From a multitude of different groups handling the brands, to questionable 2000’s styling, the Korean brand’s reputation took hit after hit in the eyes of ...

Local EV consortium picked as preferred bidder for SsangYong Motor

By Choi Kyong-ae SEOUL, Oct. 28 (Yonhap) — A South Korean consortium led by local electric carmaker Edison Motors Co. has been selected as the preferred bidder to acquire SsangYong Motor Co., the company said Thursday. SsangYong and the court-appointed ...

Mahindra finds buyer in the form of Edison Motors for struggling SsangYong brand

© Provided by Overdrive Mahindra finds buyer in the form of Edison Motors for struggling SsangYong brand SsangYong on Wednesday confirmed the sale of the company in a partnership deal led by Edison Motors. The deal is rumoured to ...

Edison Motors aims to turn around SsangYong in 3-5 years

By Choi Kyong-ae SEOUL, Oct. 22 (Yonhap) — Edison Motors Co., the likely preferred bidder for financially troubled SsangYong Motor Co., said Friday it aims to turn around SsangYong in three to five years by focusing on transforming it into ...

SsangYong To Be Sold For Only $260 Million

1/2 SLIDES © Motor1.com Copyright SsangYong X200 2/2 SLIDES © Motor1.com Copyright SsangYong X200 © Motor1.com Copyright SsangYong X200 It wasn’t a buttery smooth ride for the South Korean automaker. SsangYong is reportedly getting a fresh start, thanks to a six-year-old electric ...

(LEAD) Local EV consortium recommended as preferred bidder for SsangYong Motor

(ATTN: ADDS 2nd photo, more details, background throughout) SEOUL, Oct. 20 (Yonhap) — A South Korean consortium led by local electric carmaker Edison Motors Co. has been recommended as the preferred bidder to acquire SsangYong Motor Co., the company said ...

Local EV consortium recommended as preferred bidder for SsangYong Motor

SEOUL, Oct. 20 (Yonhap) — A South Korean consortium led by local electric carmaker Edison Motors Co. has been recommended as the preferred bidder to acquire SsangYong Motor Co., the company said Wednesday. “SsangYong Motor’s court-appointed manager has recommended the ...

SsangYong Motor's losses narrow in H1 on self-help measures

This photo shows the main gate of its Pyeongtaek plant, 70 kilometers south of Seoul.(Ssangyong Motor)SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday its first-half net losses narrowed from a year earlier ...

SsangYong Motor reportedly wants SM Group to be its new owner

Photo by: SsangYong/Facebook SsangYong Motor has been put up for sale after struggling to keep the business going. It did not receive many bids at first, but now, many companies have entered the race for its acquisition. It was ...

SsangYong hopes SM Group becomes new owner

SsangYong Motor’s plant in Pyeongtaek, Gyeonggi Province / Courtesy of SsangYong Motor SM Group, Edison Motors consortiums viewed as top hopefuls By Kim Hyun-bin The race is heating up to become the new owner of SsangYong Motor, which industry ...

Edison to drum up private equity capital for SsangYong bid

Sports utility vehicle All-New Rexton's special brand “Master” (SsangYong Motor) South Korean electric bus maker Edison Motors has forged a consortium with domestic private equity firms to acquire SsangYong Motors, a troubled Korean arm of Indian auto maker Mahindra & ...

(2nd LD) Another private equity fund joins consortium to acquire SsangYong Motor

(ATTN: ADDS 1st photo, KCGI CEO’s comments in 3rd para; UPDATES with minor edits) SEOUL, Aug. 9 (Yonhap) — Another homegrown equity fund renowned for its failed attempt to take over the holding company of the country’s largest airline last ...

(LEAD) Another private equity fund joins consortium to acquire SsangYong Motor

(ATTN: ADDS Edison CEO’s comments in paras 3-4, background in paras 10-18) SEOUL, Aug. 9 (Yonhap) — Another homegrown equity fund renowned for its failed attempt to take over the holding company of the country’s largest airline last year has ...

Another private equity fund joins consortium to acquire SsangYong Motor

The main entrance of SsangYong Motor’s Pyeongtaek plant / Korea Times file Another homegrown equity fund renowned for its failed attempt to take over the holding company of the country’s largest airline last year has joined a consortium to ...

Ssangyong C& E. Q2 net income up 33.9 pct. to 71.6 bln won

SEOUL, Aug. 3 (Yonhap) — Ssangyong C& E. Co. on Tuesday reported its second-quarter net income of 71.6 billion won (US$62.3 million), up 33.9 percent from a year earlier. The company said in a regulatory filing that it posted ...

Nine firms submit letters of intent to acquire SsangYong Motor

SsangYong did not divulge the names of the nine firms due to the confidentiality agreement with the potential investors. Nine companies have submitted letters of intent to acquire SsangYong Motor Co., including US-based Cardinal One Motors, SM Group, and ...

US firm, 2 local firms submit LOIs for SsangYong Motor

A U.S. vehicle importer, a South Korea builder and a consortium led by a South Korean electric bus maker submitted letters of intent to acquire SsangYong Motor Co., they said Friday. Yonhap A U.S. vehicle importer, a South Korea ...

SM Group confirms bid for SsangYong Motor

Main entrance of SsangYong Motors manufacturing plant / Korea Times file By Kim Yoo-chul Mid-tier local conglomerate SM Group has officially confirmed its interest in acquiring a controlling stake in the ailing SsangYong Motor, hoping to enter the burgeoning ...

(2nd LD) U.S. firm, 8 others submit LOIs for SsangYong Motor

(ATTN: CHANGES photos; ADDS details throughout) By Choi Kyong-ae SEOUL, July 30 (Yonhap) — A U.S. vehicle importer and eight other companies have submitted letters of intent to acquire SsangYong Motor Co., SsangYong said Friday. U.S.-based Cardinal One Motors, SM ...

Nine groups join race to take over SsangYong Motor

This file photo shows the main gate of SsangYong Motor`s Pyeongtaek plant, 70 kilometers south of Seoul. (Yonhap)The race to acquire the troubled SsangYong Motor is heating up beyond expectations, with nine groups reportedly having expressed interest. According to local ...

(LEAD) U.S. firm, 8 others submit LOIs for SsangYong Motor

(ATTN: CHANGES headline and lead; ADDS details in paras 3-4, 12) By Choi Kyong-ae SEOUL, July 30 (Yonhap) — A U.S. vehicle importer and eight other companies have submitted letters of intent to acquire SsangYong Motor Co., SsangYong said Friday. ...

U.S. firm, 2 local firms submit LOIs for SsangYong Motor

By Choi Kyong-ae SEOUL, July 30 (Yonhap) — A U.S. vehicle importer, a South Korea builder and a consortium led by a South Korean electric bus maker submitted letters of intent to acquire SsangYong Motor Co., they said Friday. U.S.-based ...

US firm HAAH eyes bringing SsangYong Motor SUVs, pickups to US, Canada

HAAH is looking to bringing Ssangyong’s SUV models and pickup trucks to the US and Canada. US-based vehicle importer HAAH Automotive Holdings Inc. is set to submit its letter of intent to acquire SsangYong Motor Co. by Friday, looking to ...

Will US’ HAAH be able to salvage cash-strapped SsangYong Motor?

Ssangyong Motor’s factory in Pyeongtaek, Gyeonggi Province, on June 8. (Yonhap)After HAAH Automotive Holdings, a US-based automobile distributor, confirmed its intention to acquire SsangYong Motor, eyes are on whether the American firm, which just gave up on its Chinese car ...

SsangYong unveils design sketch of new SUV

SsangYong Motor Corp. unveils a design sketch of its new sport utility vehicle under development on Monday. (SsangYong Motor Corp.)Financially troubled SsangYong Motor Corp. on Monday revealed a design sketch of its new sport utility vehicle under development as it ...

U.S. firm HAAH to submit LOI for SsangYong Motor: sources

SEOUL, July 25 (Yonhap) — The head of U.S.-based vehicle importer HAAH Automotive Holdings Inc. has said the company is set to submit its letter of intent this week to acquire SsangYong Motor Co., industry sources said Sunday. HAAH ...

GM, SsangYong trouble burdening KDB

The main entrance of SsangYong Motor’s Pyeongtaek plant. Yonhap HAAH files for bankruptcy By Kim Hyun-bin, Kim Yoo-chul The exacerbating problems at General Motors Korea (GM Korea) and SsangYong Motors, alongside the European Union delaying approval of Hyundai Heavy’s ...

SsangYong workers begin taking unpaid leave in self-rescue attempt

The arrangement is for 50 percent of assembly line workers in the Pyeongtaek plant, and 30 percent of office workers taking turns going on unpaid leave through June 2022. SsangYong Motor Co. employees have begun taking rotational unpaid leaves ...

SsangYong workers go on unpaid leave in self-rescue effort

SsangYong Motor’s Pyeongtaek plant / Yonhap SsangYong Motor said Monday its employees began to take unpaid leave in rotation as part of self-help measures. Last month, SsangYong workers agreed to the company’s offer of two-year rotational unpaid leave for ...

SsangYong Motor to sell Pyeongtaek plant site in rehabilitation efforts

The plant, which was constructed in 1979, is valued at 900 billion won. SsangYong Motor will sell its 850,000 square meters plant site in Pyeongtaek as part of self-rescue efforts, according to the local government. The plant, which was ...

SsangYong Motor to sell plant site

The SsangYong Motor plant in Pyeongtaek / Yonhap SsangYong Motor, a debt-ridden automaker, decided to sell the site of its plant in Pyeongtaek as part of self-rescue efforts, the local government said Saturday. The company has been under court ...

SsangYong Motor to sell plant site in rehabilitation efforts

Ssangyong Motor’s factory in Pyeongtaek, Gyeonggi Province, on June 8. (Yonhap)SsangYong Motor, a debt-ridden automaker, decided to sell the site of its plant in Pyeongtaek as part of self-rescue efforts, the local government said Saturday.   The company has been under ...

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