South Korean auto maker Ssangyong Motor Co. Ltd. says it has posted its first profit in 10 years. The auto maker reports earnings of 15.2 billion won ($11.53 million) last year, recovering from a 972.3 billion won ($206,170) net loss in 2000. And Ssangyong says it sees sales rising 30% this year to 3 trillion won ($2.3 billion). This small auto maker, which builds vans and a Mercedes-like sedan, says the turnaround was fueled by government tax breaks and relatively cheaper diesel fuel. ...

Premium Content (PAID Subscription Required)

"Ssangyong Turns First Profit in 10 Years" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.