Korea Ssangyong Motor July sales up 25.1 pct yr/yr

Newswire

SEOUL, Aug 1 (Reuters) - Ssangyong Motor Co , a South Korean sport utility vehicle maker, said on Thursday its vehicle sales in July rose 25.1 percent year on year to 10,257 units. The automaker attributed in a statement the rise to government tax cuts last year on automobile purchases and continued demand for sport utility vehicles. U.S.-German automaker DaimlerChrysler AG holds a 1.2 percent stake in Ssangyong, which creditors rescued from collapse last year.

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