Ssangyong sells plant SEOUL — Ssangyong Motors Corp. agrees to sell its mothballed heavy truck plant in China to Huizong Automotive Manufacturing, which has partnership agreements with General Motors Corp. and Volkswagen AG. Ssangyong also has contracted to provide car-making technology to Huizhong, which manufactures cars and trucks. The Chinese firm will pay US$3.2 million for the plant, which has been idle since October 1998, and all existing equipment. Huizhong will pay Ssangyong an ...
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