Chinese executives at Ssangyong Motor Co. Ltd. have resigned en masse and returned to their posts at majority-owner Shanghai Automotive Industry Corp. in China, a Ssangyong source tells Ward’s. Four senior officials, along with 26 supporting staff, submitted their resignations Feb. 9. Asked if the mass exodus means SAIC is washing its hands of the struggling South Korean auto maker, the source says, “We don’t think so, but we don’t know what they think about our company. The ...
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