SEOUL, Feb 27 (Reuters) - South Korean sports utility vehicle maker Ssangyong Motor Co posted on Thursday a record net profit of 320.4 billion won ($270.8 million) for 2002, helped by rising sales and falling costs. The profit soared from just 9.2 billion won in 2001 for Ssangyong, which is 1.2 percent owned by U.S.-German automaker DaimlerChrsyler AG . "Sales rose sharply last year on the back of excise tax cuts and the strong domestic economy," Ssangyong said in a statement to the ...
Premium Content (PAID Subscription Required)
"S.Korea's Ssangyong posts record 2002 net profit" 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:
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!
Current subscribers, please login or CLICK for support information.