Filed under: SUVs, Earnings/Financials


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 rights to the Korean automaker, leading many to believe that this is could be the end of the road. Perhaps not. Russian automaker Sollers has made the Korean company an offer that could see the firm's ugly oddly-styled SUVs live on. Details of the offer have yet to be released, but Sollers already produces a few of the Korean company's 'utes in Russia through a licensing agreement, and the deal would reportedly secure the uninterrupted production of Rexton II and Kyron SUVs in the Far East, completely independent of Ssangyong. As yet, there is no word that anyone is attempting ro rescue the spectacularly proportioned Ssangyong Rodius MPV. Keep hope alive.

[Source: Reuters]Not Quite Dead Yet: Russian firm vying for Ssangyong SUV assembly rights originally appeared on Autoblog on Wed, 14 Jan 2009 17:29:00 EST. Please see our terms for use of feeds.


Read | Permalink | Email this | Comments </img>
</img> </img>


More...