Shanghai Auto signs pact on Ssangyong, targets China


SEOUL, July 27 (Reuters) - Shanghai Automotive Industry Corp. (SAIC) signed on Tuesday a pact to buy South Korea's Ssangyong Motor Co. and said it aimed to help the sports utility vehicle maker expand in the fast-growing Chinese market. Creditors of Ssangyong , which also makes luxury sedan models, signed a binding memorandum of understanding with the Chinese auto maker on a deal reported to worth about $500 million -- a 40 percent premium over the current stock price. "SAIC will explore ...

Premium Content (PAID Subscription Required)

"Shanghai Auto signs pact on Ssangyong, targets China" 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.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×