The automaker adds a diesel option for the Tivoli, which accounted for 39% of first-half exports with 15,687 deliveries. Without it, Ssangyong exports for the period would have been just 25,687 units, off 61% from year-ago.
The Korean automaker says its European operation sold 200,038 vehicles in the January-June period, up 7.6% from year-ago. Second-quarter deliveries topped 100,000 for the first time in any 3-month period, with 103,946 vehicles sold.
The automaker’s fifth plant in China comes at a time when the market is down, and its already hefty outlay for a new headquarters is expected to increase by at least $1.5 billion. Both investments have analysts worried.
Robust demand and ratcheted-up sales projections for the Tivoli may prove to be a two-edged sword for Ssangyong as the low-volume automaker heads into traditionally contentious contract talks with its workers union.
Park Geun-hye’s Hyundai connection goes back to her first day in office, when she became the first Korean president to use a Korean car – a stretched Equus – as the official inauguration vehicle. Her predecessors rode in foreign-made limousines.
GM Korea chief Sergio Rocha says James Kim will be responsible for managing all operations, including production, quality control, parts sourcing and labor relations. Rocha will continue handling other executive responsibilities, including strategic development and implementation of sales, marketing and service programs.
The knowledge gap already could be affecting sales of advanced-technology vehicles, which last year accounted for 3.5% of the nearly 17 million cars and trucks sold in the U.S., according to WardsAuto data....More
“Logically, Cadillac is not disconnected from GM,” the longtime luxury executive says. “The way we want to organize the business in the future is that Cadillac will own the entire process, all the things that touch Cadillac.”...More