China's Blue Star says Ssangyong talks "deadlocked"

Newswire

By Ben Blanchard SHANGHAI, March 24 (Reuters) - Talks over Chinese firm Blue Star's acquisition of control of South Korea's debt-laden auto maker Ssangyong Motor Co have stalled, mainly over price, an official at the Beijing-based company said Wednesday. Creditors like Chohung Bank had picked Blue Star, a state-run chemicals conglomerate with annual sales of over 10 billion yuan ($1.2 billion), as a preferred bidder for a controlling slice of Ssangyong, ahead of another Chinese state ...

Premium Content (PAID Subscription Required)

"China's Blue Star says Ssangyong talks "deadlocked"" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×