Falling sales at home and rising fuel costs have hit the South Korean automaker Ssangyong Motor Corp, which today reported a loss for its third quarter.

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The South Korean subsidiary of Shanghai Automotive Industry Corp reported a loss of 28.2bn won (US$20m) in the July-September period, compared with a profit of 1.2bn won a year earlier, the company said in a statement.


The company did say that the third quarter loss was an improvement on the second quarter result where it lost 35.7bn won.


Ssangyong’s sales fell 8.2% to 684bn won in the third quarter, leading to an operating loss of 48.3bn won.


Domestic sales fell 31% in the period.

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