(Adds details, background, updates share price) 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. Ssangyong shares plunged 10.8 percent to 905 won as of 0143 GMT, just off the session low of 895 won, the lowest since Nov. 25. The company has seen its shares plummet recently amid widening worries about its financial ...
Premium Content (PAID Subscription Required)
"UPDATE 1-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!
Current subscribers, please login or CLICK for support information.