South Korean light-truck maker Ssangyong Motor Co. Ltd. and Shanghai Automotive Industry Corp. plan to build a joint-venture vehicle plant in China in the near future, Jiang Zhiwei, Ssangyong’s co-chief executive, confirms. SAIC holds a 48.9% stake in Ssangyong. Jiang disclosed the plan at a recent Asian Leadership Conference held in Seoul, which was sponsored by and reported on by the leading Korean daily newspaper Chosun Ilbo. Ssangyong expects 30,000 units to be sold in Europe, ...
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