Shanghai, September 23 (Gasgoo.com) Volkswagen AG is planning to acquire the cash-strapped South Korean automaker Ssangyong Motor, with the help of its Chinese partner SAIC Motor, SinoCast reported today.
Shanghai, September 15 (Gasgoo.com) South Korea's bankruptcy-protected carmaker Ssangyong Motor has submitted to a bankruptcy court its turnaround plan that suggests cutting the stake of its biggest shareholder SAIC Motor to 11.2% from the current 51%, Bloomberg reported today.
* Ssangyong management, union agree to massive job cut * Outlook remains dark, but shares jump by daily limit * SAIC to lose major stakeholder status, Ssangyong says (Adds SAIC, paragraphs 8,9) SEOUL, Aug 6...
SEOUL, Aug 6 - Workers at Ssangyong Motor Co on Thursday ended 2-陆 months of increasingly violent protests and agreed to big layoffs at South Korea's smallest carmaker, for months on the edge of bankruptcy....
SEOUL, Aug 6 - Workers at Ssangyong Motor Co on Thursday ended 2-陆 months of increasingly violent protests and agreed to big layoffs at South Korea's smallest carmaker, for months on the edge of bankruptcy,...
SEOUL, Aug 6 - Ssangyong Motor Co's <003620.KS> management and unionised workers have reached an agreement over the broad framework for a layoff plan, Yonhap news agency reported on Thursday. Cash-strapped Ssangyong, which is the...
Shanghai, August 5 (Gasgoo.com) Chinese auto giant SAIC Motor may see its 51% stake in Ssangyong Motor come to nothing, if the Korean carmaker really goes to bankruptcy, media reported.
PYEONGTAEK, South Korea, Aug 5 - South Korean police in full riot gear descended on autoworkers at embattled Ssangyong Motor Co on Wednesday in an operation to break up a sit-in by unionists demanding to...
SEOUL, Aug 2 - South Korea's cash-strapped Ssangyong Motor Co said on Sunday it plans to consider a liquidation plan after the management failed to reach an agreement with its union over a job cut...
SEOUL, May 31 - Ssangyong Motor Co said on Sunday it had locked striking workers out of its plant to stop them disrupting production at the cash-strapped carmaker, which is in bankruptcy protection. Unionised workers...