Ssangyong Motor to invest $168 mln in S.Korea plant

Newswire

SEOUL, July 30 (Reuters) - South Korean sport utility vehicle (SUV) maker, Ssangyong Motor Co , said on Tuesday it would invest 199.6 billion won ($168.4 million) to build a new engine plant in the southern part of the country. Ssangyong, one of the nation's smallest automakers which creditors rescued from collapse last year, posted record sales in the first half of this year on government tax cuts on car purchases and strong demand for its Rexton and Korando SUV models. The automaker ...

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