Ssangyong Mtr aims to up capacity by 55 pct by 2010

Newswire

SEOUL, Jan 25 (Reuters) - Ssangyong Motor Co. aims to increase its production capacity by 55 percent to 340,000 vehicles per year by 2010, the South Korean sport utility vehicle (SUV) maker said on Wednesday. Ssangyong, 51-percent owned by China's Shanghai Automotive Industry Corp., said in a statement it planned to invest 2 trillion won ($2.04 billion) by 2010 in capital investment and to develop six new car models. The company will add new production lines and boost the efficiency of ...

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