2020-12-22 22:43:28
SsangYong went bankrupt
On the eve of the management of the brand SsangYong declared bankruptcy in a court in Seoul.
According to the Financial Times, the situation occurred after the Korean company failed to pay its creditors a $54.4 million debt.
It remains unknown whether local authorities will support the company, which has 75% of shares owned by Mahindra & Mahindra of India. The South Korean government is thinking about providing financial assistance to local suppliers of Ssangyong parts.
Mahindra & Mahindra are experiencing financial problems because of COVID-19, so the company has decided to cut its costs significantly.
Perhaps the Indians will sell the SsangYong. The Korean company sold 20% fewer vehicles in January-November than in the same period in 2019.
Updated SsangYong Tivoli got a new motor
SsangYong, part of Mahindra, an Indian company, has unveiled the updated SsangYong Tivoli SUV
19.May.2020
SsangYong Tivoli has successfully updated
SsangYong presented an updated version of the compact Tivoli SUV.
21.May.2019
New SsangYong Actyon looked like a design
SsangYong distributed the 1st teaser pattern of the Korando cross-country of the new generation, which is known by the Actyon name.
28.Jan.2019
Restyled SsangYong Turismo in the serial view
South Korean brand SsangYong is actively testing the updated SsangYong Turismo on the roads.
30.Jul.2018
SsangYong presented the first special version of Tivoli
A series of special variations of the compact Tivoli crossover was named K Collection. Tivoli will be sold in Italy.
25.Jun.2018
Great change in design for SsangYong Tivoli
China became the place where SsangYong Tivoli in the camouflaged was photographed.
24.Feb.2018