Ssangyong: SAIC exit only in worst-case scenario

Newswire

SEOUL, Dec 24 (Reuters) - Ssangyong Motor on Wednesday confirmed that its CEO said major shareholder China's SAIC Motor Corp may withdraw from South Korea, but added the option was possible only in a worst-case scenario. Two Ssangyong spokesmen confirmed a report published in the Korea Economic Daily that quoted Ssangyong CEO Choi Hyung-tak as saying that SAIC, which holds a 51 percent stake in the South Korean carmaker, could leave the country if labour unions continued to reject ...

Premium Content (PAID Subscription Required)

"Ssangyong: SAIC exit only in worst-case scenario" 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 WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×