For the first time, Ssangyong Motor Co. Ltd. has unseated Hyundai Motor Co. Ltd. as South Korea’s leading producer of luxury-class cars. In the first seven months, Ssangyong wrested the title from Hyundai by selling 8,434 units of its New Chairman against Hyundai’s 7,865 sales for its luxury flagship Equus. Hyundai officials decline comment. The New Chairman was introduced in November. It replaced the former Chairman, in production since 1997 and developed in a cooperative venture with ...

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