NAV: AutoBeta Home > AutoBeta Popular content >

Ssangyong Learn more about Ssangyong

AutoBeta has retrieved the following content about Ssangyong for you across the entire web.

• 

  After 35 years, this famous Korean car company has changed its name.

  According to media reports, South Korea Ssangyong Motor held a regular shareholders' meeting on March 22 and decided to change the company name to "KG MOBILITY" through the company name change case, which is the first time the company has changed its name in 35 years. When "Automotive Industry concern" looked at Ssangyong's official website, it found that the official website of the auto company

  Automobile Ssangyong company market Korean won Korea model China Hengda loss technology group production people RMB 2023-03-23
• 

  Another multinational car company filed for bankruptcy, and Ssangyong Motor lost money for 15 consecutive quarters.

  In the shrinking environment of the global auto market, many car companies on the edge of the market are heavily in debt to choose bankruptcy plans because of poor management. According to media reports, Ssangyong Motors, a multinational car company, has filed for bankruptcy with the Seoul court.

  Automobile enterprise 2020-12-22
• 

  New development: Ssangyong Motors, a well-known South Korean car brand, may be acquired by the New Power brand this week.

  Following media reports in October that new car-making company Edison Motors will buy Ssangyong Motor for about 223 million euros, there are media reports today that Edison Motors and Ssangyong Motors will complete the merger as soon as this week. Ssangyong Motor is still filing for bankruptcy protection due to loan default. South Korean legal and auto industry expect the acquisition to be completed by this week or January 7 at the latest, media said. Another Edison Motors executive pointed out: "We need to adjust the content of the contract, but if the discussion goes well, the acquisition can be completed within this month."

  Ssangyong Motor 2021-12-27
• 

  Chuan Geely will participate in the bidding for Ssangyong

  Geely may take part in a bid for Ssangyong, a South Korean subsidiary of Indian carmaker Mahindra, Bloomberg reported. In addition, according to South Korean media reports, Ssangyong Motor, which is in trouble, is looking for new investors and has chosen Samsung Securities to cooperate with Rothschild, a well-known global financial family, to attract market interest. Due to the sluggish sales of products, low R & D funds and other factors, Ssangyong Motor fell into a business crisis. So far, Ssangyong has suffered losses for 13 consecutive quarters. In terms of sales, Ssangyong sold 31110 vehicles in South Korea from January to May, down 35 per cent from a year earlier. Public information shows.

  Geely 2020-06-19
• 

  223 million euros! South Korean well-known car brands are acquired by new car-building forces.

  According to media reports, car-building new power company Edison Motors will buy Ssangyong for about 223 million euros, and the agreement between Ssangyong and Edison Motors will be finalised as soon as late November. According to previous reports, Ssangyong filed for bankruptcy restructuring with the Seoul court as early as the end of 2020 and has been looking for potential acquirers ever since. The Seoul bankruptcy court said the consortium led by Edison Motors was currently the only bidder for Ssangyong, making it a preferred bidder. The court said that Edison Motors's competitor.

  Ssangyong Motor 2021-10-25
• 

  Geely intends to acquire two Chinese and foreign car companies? Geely responded that there was no such plan.

  In 2020, the Chinese car company Geely Group continued its mergers and acquisitions. After hosting the Changfeng Cheetah car factory and confirming its ownership of the commercial vehicle Valin Star Horse, Geely said that Geely was interested in acquiring a Chinese car company and a foreign car company. They are Lifan shares and South Korea Ssangyong Motor. Geely has denied the matter. The rumors of Geely and Lifan recently pointed out that Zhejiang Geely Holdings Group Co., Ltd. plans to inject capital into Chongqing Lifan Holdings Co., Ltd. to become its largest shareholder, the price and scale of the stake is not clear. Affected by the news, Lifan shares once rose in a straight line by the limit. Subsequently, in response to this rumor Geely Automobile Group.

  Geely car Lifan 2020-06-20
• 

  What happened? The giant car company suddenly announced that it would stop production.

  At present, the impact of the COVID-19 epidemic on the global market can not be ignored, and the global automobile industry is experiencing a severe test this year. Renault Samsung, one of South Korea's top five automakers, has announced a 24-day suspension of production, CCTV Financial reported. Recently, South Korea's Renault Samsung announced that its only factory in South Korea, Busan, will suspend car production for 24 days from the 25th of this month to the 18th of next month in order to adjust production due to a backlog of inventory caused by low sales. Renault Samsung Automobile Union said that labor and management after six negotiations have not made any progress, the shutdown is the company through the reduction of workers' wages to create for the enterprise.

  Renault Samsung 2020-09-29
• 

  The domestic supply chain has been interrupted by the epidemic, which has caused a number of South Korean car companies to stop production of some models.

  Due to the spread of the COVID-19 epidemic, a number of domestic auto parts companies upstream and downstream have suspended or postponed production plans, so that a number of car companies around the world will be affected. South Korea's Hyundai Motor Co., Ltd. said it plans to suspend South Korean-made Palisade SUV models this week in response to supply disruptions caused by novel coronavirus's outbreak.

  Vehicle type 2020-02-01
• 

  The global car market hit rock bottom in April, and the Chinese market recovered significantly.

  The auto market shrouded by ​ COVID-19 has seen signs of a sharp decline since the first quarter of this year, and according to the latest April new car sales data released by various countries, the global car market almost without exception has declined, and sales in many countries have even hit bottom.

  Car market 2020-05-19
• 

  The value preservation rate of second-hand cars ranked in 2020, Japanese brands are strong.

  Recently, the China Automobile Circulation Association released the "2020 White Paper on the Circulation Development report of China's used car Industry" at its 2020 meeting, detailing the value preservation rate of China's used cars from January to September 2020. From the perspective of brand preservation rate, the preservation rate of Japanese mainstream brands is still strong. There are five brands with a three-year preservation rate of more than 70%, namely Porsche, Lexus, Toyota, Honda and Subaru, with average preservation rates of 78.79%, 80.70%, 76.54%, 75.21% and 71.41%, respectively. The preservation rate of German and Japanese brands is generally higher than that of market water.

  Toyota Honda 2020-11-18
• 

  Car recall ranking: Honda has the largest recall, with only one independent brand on the list

  The automobile recall has "two sides". On the one hand, it reflects the hidden dangers of the existing defects in product development, and the other is the manufacturer's responsible attitude towards products and consumers. According to statistics released by the State Administration of Market Supervision and Administration, a total of 10 recalls were launched in the past month, involving more than 1.28 million models, of which the Honda brand recall is the largest, covering almost a full range of domestic models of the Honda brand. From the ranking list of car recalls for nearly a month, we can see that nine are foreign brands, and only one independent brand is Pentium. The fuel pump produced by Denso in Japan has been recalled on a large scale earlier, and the cause of the defect is exactly the same.

  Automobile recall 2020-06-08
• 

  Revenue fell 30 billion, with a net loss of 6.2 billion yuan-a major crisis for large groups

  As the Chinese automobile market enters the stock competition, the market competition intensifies and other phenomena, the dealer group management level appears a great turning point, the operation continues to lose money, and the sale of stores has become the current survival situation of many dealer groups. The large group of large domestic car dealers reported a loss of more than 6 billion in 2018 and 500 million in the first quarter of this year. According to the report, the operating income of the giant group reached 42.034 billion yuan in 2018, down 40.37 percent from the same period last year, while the net profit belonging to shareholders of listed companies lost 6.155 billion yuan, down 3003.23 percent from the same period last year. 20...

  Loss revenue huge 2019-05-04
• 

  Or terminate the listing! A car dealer was put on file for investigation.

  On May 27th, * ST announced that Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "the company") received the notice of filing a case of China Securities Regulatory Commission (CSRC) issued by China Securities Regulatory Commission (CSRC) on May 26, 2023 (serial number: CSRC filing word).

  Huge Group Company Automobile Stock performance Dealer China announcement Investor Investment Survey net profit net profit Securities Supervision 2023-05-27