(Adds analysts comments, share prices, byline) By Fang Yan and Cheong Jong-woo SHANGHAI/SEOUL, Dec 29 (Reuters) - China's SAIC Motor Corp said it and South Korea's Ssangyong Motor are seeking support for Ssangyong from the Korean government and banks. SAIC, which owns 51 percent of Ssangyong, said the two companies were also discussing with union representatives how to cut labour costs at the Korean firm as it grapples with plunging sales and high raw material costs. "At present SAIC ...
Premium Content (PAID Subscription Required)
"UPDATE 2-China's SAIC seeking Korea support for Ssangyong" 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642