SOUTH KOREA: Ssangyong says production resumed
Author: just-auto.com editorial team | 2 February 2009
Ssangyong has said that it has resumed vehicle production on Monday (2/2/09) as parts supplies normalised.
Ssangyong was forced to halt production in January when parts supplies dried up after it filed for bankruptcy protection.
Suppliers were concerned about payment.
Ssangyong, which is 51.3% owned by SAIC filed for receivership last monthg due to a liquidity crisis.
Sectors: Emerging markets, Vehicle manufacturers, Vehicle manufacturing
View next/previous articles
2 Feb 2009 -
2 Feb 2009 -
Currently reading -
SOUTH KOREA: Ssangyong says production resumed
2 Feb 2009 -
2 Feb 2009 -
Related research
In spite of a massive slowdown in sales, particularly marked in the premium segments, and there being little sign of an economic recovery, Audi has been able to record sales decreases similar to those considered ‘volume’ players and is generally fari...
This completely revised and updated report profiles over 150 Russian producers of automotive components and spare parts. Put together by a Russian–based research team over the last twelve months, the report represents a unique insight into the changi...
Daimler – the world’s second largest premium OEM by volume – is experiencing a great deal of pain in the current severe economic downturn. After recently posting a worse–than–expected 2009 Q1 Net Loss of €1.28bn, fewer advantages from scrapping bonus...
There are currently no comments on this article
Be the first to comment on this article