China's SAIC seeking Korea support for Ssangyong

Newswire

SHANGHAI, Dec 29 (Reuters) - China's SAIC Motor Corp and Ssangyong Motor are actively seeking support for the troubled South Korean auto maker from the Korean government and banks, the Chinese company said on Monday. SAIC, which owns 51 percent of Ssangyong, also said the two companies were discussing with union representatives how to cut the Korean firm's labour costs. (Reporting by Fang Yan; Editing by Andrew Torchia)

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