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Showing posts with label SsangYong Corporate. Show all posts
Showing posts with label SsangYong Corporate. Show all posts

Monday, November 14, 2022

SsangYong Exits Corporate Rehab With New Owner

SsangYong Motor has announced that it had completed its court-led corporate rehabilitation. Thanks to its acquisition by the KG Group, the automaker had managed to pay off its rehabilitation debts some 18 months after the start of its rehabilitation last April 2021.

Thursday, March 31, 2022

SsangYong Rescue Deal Collapses

SsangYong Motor, the beleaguered South Korean SUV specialist said a deal for its acquisition had fallen through after potential buyer, Edison Motors, had failed to pay the balance of 274.3 billion Korean won (USD 224 million).

Tuesday, January 11, 2022

Korean EV Startup Acquires SsangYong Motor

A consortium led by South Korean electric carmaker Edison Motors has agreed to acquire SsangYong Motor for 305 billion won (USD 254.65 million). SsangYong Motor said in a statement. This is after Edison Motors showed interest in acquiring the struggling Korean carmaker last October.

Saturday, October 23, 2021

South Korean-Led Consortium To Buy SsangYong

SsangYong Motor named a group led by South Korean electric bus and truck maker Edison Motors as its preferred new owner.

Friday, October 8, 2021

Tuesday, July 27, 2021

SsangYong To Embrace SUV Identity With Upcoming X200 SUV

Beleaguered Korean automaker SsangYong Motor isn’t taking the news of its court-led receivership sitting down. This after they unveiled the design of their next-generation SUV, codenamed the X200.

Wednesday, June 16, 2021

SsangYong Will Save Itself, Shows Off All-Electric Korando And Upcoming 2022 SUV

SsangYong Motors is accelerating its new car development program in preparation for its future, and as part of its “self-help measures.”

Wednesday, May 19, 2021

SsangYong Now Guarantees Their Resale Value Within 5 Years' Time

SsangYong Philippines makes buying a brand new SsangYong vehicle for new customers a worry-free experience as it launches a new preferred customer incentive program. SsangYong Lifestyle Elite is the latest value-laden package option for new SsangYong customers who intend to purchase any of the Korean SUV-specialist’s latest models and future products.

Friday, April 16, 2021

SsangYong Put Under Court Receivership

SsangYong Motor has been put under court receivership, the Seoul Bankruptcy Court said yesterday, in an attempt to rehabilitate the carmaker after majority owner, Mahindra failed to secure a buyer.

Wednesday, April 14, 2021

Could SsangYong be Saved by Chery Auto's U.S. Plans?

UPDATE: SsangYong is now under court receivership (4/16).

SsangYong may have found a savior through a very unlikely source: Chery Auto. That’s assuming of course, Chery’s U.S. distributor, HAAH Automotive Holdings pushes through with their supposed plan.

Wednesday, December 23, 2020

Ssangyong is Bankrupt

South Korea’s fourth largest automaker, Ssangyong Motor has filed for bankruptcy after failing to repay creditors. The move was finalized at a board meeting held by the South Korean SUV specialist.

Friday, December 4, 2020

Get Up to P 200k Discount on SsangYong Models

Owning a SsangYong is now easier than ever with cash discounts and zero downpayment schemes until the end of December.

Wednesday, September 30, 2020

SsangYong PH is Offering Up to P200k in Discounts

Korean SUV specialist SsangYong is discounting their entire line-up until the end of October. The deal covers everything from their sub-compact Tivoli crossover all the way to the recently-launched 2020.5 Rexton mid-sized SUV.

Sunday, August 16, 2020

SsangYong PH Offers Up to P 200k in Discounts This Month

SsangYong Berjaya Motor Philippines, the official distributor and dealer of SsangYong vehicles and parts in the Philippines, is letting customers experience value by making its various models more accessible with cash discounts, zero interest financing, or low monthly downpayments.

Wednesday, June 24, 2020

Could Geely Save SsangYong Motor?

South Korean SUV specialist is for sale. This news comes after India’s Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said.

Wednesday, June 17, 2020

SsangYong, Changan Vehicles Come with Discounts, Low All-in Downpayments This June

Auto Asia, the official distributor of SsangYong and Changan (Kaicene by July 1) vehicles and parts in the Philippines, is celebrating its first-year anniversary this coming June 20th. To commemorate this milestone, all Auto Asia showrooms will make owning a brand-new SsangYong and Changan model, easier and hassle-free with exciting promos and discounts for this month.

Saturday, June 13, 2020

Mahindra Gives Up on SsangYong Motor

Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker’s managing director said, as it looks to exit money-losing ventures amid the coronavirus pandemic.

Tuesday, April 14, 2020

SsangYong Agrees to Use "Final Lifeline" to Help Stay Alive

Korean SUV specialist SsangYong will use parent company Mahindra’s one-time cash infusion to help ease its liquidity concerns due to softening global demand brought about by the COVID-19 pandemic.

Tuesday, April 7, 2020

COVID-19 May Spell the End of the Road for SsangYong Motor

As carmakers struggle with falling sales and halting of production, it’s a matter of time when some end up struggling. The first automaker that may fall victim to COVID-19-related economic slowdown? SsangYong.

Monday, December 9, 2019

SsangYong and Changan Open Their First Dealership in Metro Manila

Auto Asia—the brand concept that combines Korean specialist, SsangYong and China’s largest automobile group, Changan under one roof opens its first showroom in Metro Manila.