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In 1997 [[Daewoo|Daewoo Motors]] bought a controlling stake from the Ssangyong Group, only to sell it off again in 2000, because the [[Chaebol|conglomerate]] ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer [[Shanghai Automotive Industry Corporation|SAIC]] took a 51% stake of SsangYong Motor Company.
In 1997 [[Daewoo|Daewoo Motors]] bought a controlling stake from the Ssangyong Group, only to sell it off again in 2000, because the [[Chaebol|conglomerate]] ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer [[Shanghai Automotive Industry Corporation|SAIC]] took a 51% stake of SsangYong Motor Company.

Ssamgyong has a funny looking car called a rodius that looks hillarious. soon they are bringing out a blood droplette car and also look out for the honda 'Fuya Jo' and the Peugot 'moovie' he he he


In January 2009, after recording a $75.42 million loss, the company was put into receivership. This was due to the global economic crisis and shrinking demand.<ref>http://www.marketwatch.com/news/story/story.aspx?guid={33388F5B-4074-44B7-ADF7-A2E81E3DD291}&siteid=rss Article from MarketWatch</ref>
In January 2009, after recording a $75.42 million loss, the company was put into receivership. This was due to the global economic crisis and shrinking demand.<ref>http://www.marketwatch.com/news/story/story.aspx?guid={33388F5B-4074-44B7-ADF7-A2E81E3DD291}&siteid=rss Article from MarketWatch</ref>

Revision as of 21:54, 2 August 2009

SsangYong Motor Company
IndustryAutomotive
Founded1954
HeadquartersSeoul, South Korea
Key people
Hyung-Tak Choi, CEO
ProductsAutomobiles and Commercial vehicles
Websitesmotor.com
KG Mobility
Hangul
쌍용자동차
Hanja
雙龍自動車
Revised RomanizationSsangyong Jadongcha
McCune–ReischauerSsangyong Chadongch'a

SsangYong Motor Company (Korean: 쌍용자동차; Hanja: 雙龍自動車) is the fourth largest South Korean automobile manufacturer.[1] It was founded as Hadonghwan Motor Company in 1954 and started by building jeeps for the US Army. Beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor in 1977, it was taken over by Ssangyong Business Group in 1988 and changed its name to SsangYong Motor. The name SsangYong means twin dragons. In 1991 it started a technology partnership with Daimler-Benz. Later, it acquired United Kingdom-based specialty car maker Panther Westwinds.

In 1997 Daewoo Motors bought a controlling stake from the Ssangyong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company.

Ssamgyong has a funny looking car called a rodius that looks hillarious. soon they are bringing out a blood droplette car and also look out for the honda 'Fuya Jo' and the Peugot 'moovie' he he he

In January 2009, after recording a $75.42 million loss, the company was put into receivership. This was due to the global economic crisis and shrinking demand.[2]

Model lineup

Passenger cars and SUVs

SsangYong C200 eco at 2009 Barcelona Motorshow.

Commercial vehicles

See also

References

  1. ^ Ssangyong Motors
  2. ^ http://www.marketwatch.com/news/story/story.aspx?guid={33388F5B-4074-44B7-ADF7-A2E81E3DD291}&siteid=rss Article from MarketWatch

External links


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