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SsangYong Motor Company

Ssangyong company logo.svg
SY sign.jpg

Native name

 쌍용자동차 주식회사
Type Public

Traded as

 KRX: 003620
Industry Automotive
Founded 4 March 1954; 68 years ago[1]
Headquarters Pyeongtaek, Gyeonggi-do, South Korea

Area served

 Worldwide (except Japan and North America)

Key people
  • Kwak Jae-sun (Chairman)
  • Jeong Yong-won (President and CEO)
Products Automobiles and commercial vehicles

Production output

 Increase 119,142 (2012)[1]
Revenue Decrease ₩2.874 trillion (2012)[1][2]

Operating income

 Increase −₩98.12 billion (2012)[2]

Net income

 Increase −₩105.93 billion (2012)[2]
Total assets Increase ₩1.85 trillion (2012)[2]
Total equity Decrease ₩800.66 billion (2012)[2]

Number of employees

 4,365 (2012)[1]
Parent KG Group
Website smotor.com

The SsangYong Motor Company (Korean: 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the chaebol SsangYong Group. SsangYong Motor was then acquired by Daewoo Motors, SAIC Motor, and then Mahindra & Mahindra. In 2022, the company was acquired by the KG Group. The SsangYong name is planned to be dropped by the company in March 2023.

The company main focus is sport utility vehicles (SUVs) and crossover SUVs and it is preparing for transitioning to electric cars.

History[edit]

Dong-A Motor (1954–1987)[edit]

SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co.[3][4] (Korean: 하동환자동차공업주식회사). In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks and buses. Beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor (Korean: 동아자동차공업주식회사) in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986.[5][6]

Gallery[edit]

  • Dong-A DA 30 with Ha Dong-hwan body

    Dong-A DA 30 with Ha Dong-hwan body

  • Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

    Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

  • Ha Dong-hwan bus on the right

    Ha Dong-hwan bus on the right

Keohwa (1981–1984)[edit]

Keohwa, Ltd. (Korean: 주식회사 거화; RR: Jusighoesa Geohwa) was a South Korean assembler of Jeeps under licence, mainly for export markets.[7] Its predecessor was the Jeep assembly joint venture of Shinjin Motors and American Motor Corporation (AMC), established in 1974.[8][9] It was spun off as an independent company in 1981, after AMC left the venture and retired the permission to use the Jeep trade mark. In 1983, Jeeps from Keohwa started to be named as «Korando».[9] In 1984, Keohwa was acquired by the predecessor of SsangYong Motor, Dong-A Motor.

SsangYong Motors (1986–present)[edit]

After Dong-A Motor was taken over by SsangYong Business Group, Dong-A Motor changed its name to SsangYong Motor in 1988.[10] In 1987, it acquired United Kingdom-based specialty car maker Panther Westwinds.[10]

In 1991, SsangYong started a technology partnership with Daimler-Benz. The deal was for SsangYong to develop a sport utility vehicle (SUV) with Mercedes-Benz technology. This was supposedly to allow SsangYong to gain footholds in new markets without having to build their own infrastructure (utilizing existing Mercedes-Benz networks) while giving Mercedes a competitor in the then-booming SUV market.[11] This resulted in the Musso, which was sold first by Mercedes-Benz and later by SsangYong.[12]

SsangYong further benefited from this alliance, long after Daimler-Benz stopped selling the Musso, producing a badge engineered version of the Mercedes-Benz MB100, the Istana and using Daimler designs in many other models, including the second-generation Korando (engine and transmission), the Rexton (transmission),[13] the Chairman H (chassis and transmission)[14] and the Kyron (transmission).[15]

Takeover by Daewoo Motors and SAIC[edit]

In 1997, Daewoo Motors, now GM Korea, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company. In July — August 2006, workers went on strike for 7 weeks to protest SAIC’s plans to lay off 554 employees.[16] The strike cost SsangYong 380 billion Won and negotiations ended with workers accepting a wage freeze.[16]

SsangYong’s hybrid technology.

In January 2009, after recording a $75.42 million loss, the company was put into receivership. This may have been due to the global economic crisis and shrinking demand.[17] In response to management’s plan to cut 2,600 jobs, a third of the workforce, workers at Ssangyong’s main factory stopped work and barricaded themselves inside in protest.[18] One elderly worker died from a cerebral hemorrhage within the first 12 days.[18] The strikes grew violent after water, food, electricity, and medicine were withheld from the strikers and police surrounded the building.[19] Strikers threw Molotov cocktails at police[20] while police used electroshock weapons and allegedly dropped corrosive chemicals on the strikers.[19] On August 14, 2009, worker strikes finished at the SsangYong factory and production commenced again after 77 days of disruption.[21] Company employees and analysts have also blamed SAIC for stealing technology related to hybrid vehicles from the company and failing to live up to its promise of continued investment.[22][23] SAIC denied allegations of technology theft by the company’s employees.[24] However, SAIC was charged by the South Korean prosecutor’s office for violating company regulations and the South Korean law when it ordered and carried out the transfer of SsangYong’s proprietary technology developed with South Korean government funding over to SAIC researchers.[25]

In 2010, Daewoo Motor Sales was dropped by General Motors. The long-time dealership partner then signed a deal with the SsangYong Motor Company to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of ₩20,000,000,000 ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong will also sell vehicles through private dealers.[26]

Takeover by Mahindra Automotive[edit]

The Tivoli was SsangYong’s first new model under Mahindra & Mahindra ownership

SsangYong’s Rexton Sports pick-up

In April 2010, the company released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%.[27] The companies were later revealed to be Mahindra & Mahindra, Ruia Group, SM Aluminum, Seoul Investments and French-owned Renault Samsung Motors of South Korea.[28][29] In August 2010, Mahindra & Mahindra Limited was chosen as the preferred bidder for SsangYong.[30] The acquisition was completed in February 2011[31][32] and cost Mahindra US$463.6 million.[33]

In 2015, SsangYong launched the Tivoli, its first car after Mahindra acquisition.[34] Within a year of Tivoli’s launch, the company reported its first net profit in 9 years.[35] In 2017, SsangYong sold 106,677 units in domestic sales and 37,008 units in exports, setting a record high in 14 years since 2003, when its annual domestic sales stood at 131,283 units. Out of this, the Tivoli alone contributed over 50,000 units of domestic sales for the company.[36] Mahindra XUV300, which was later launched in 2019 is built on Tivoli’s platform, sharing many parts including several metal sheets.

Mahindra also worked with its SsangYong subsidiary to introduce high performance electric vehicles in South Korea for mass-market sales.[37] Mahindra and SsangYong increased their collaboration on engines and electric cars.[38]

On 21 December 2020, SsangYong Motor filed for receivership after Mahindra cut funding to SsangYong due to its outstanding debt.[39] Ssang Yong Motor spokesperson stated that the company owes a total of 315.3 billion won (US$285 million) in overdue debt to financial institutions.[40]

Failed takeover by Edison Motors[edit]

In October 2021, it was reported that SsangYong was set to be acquired by electric bus and truck maker Edison Motors which would lead to SsangYong exiting receivership. Edison Motors planned to introduce SsangYong vehicles into the United States, Mexico, and Canada markets by the mid-2020s. Edison Motors also intended to phase-out production and new car sales of fossil fuel-powered SsangYong vehicles by 2030, in favor of producing and selling only electric-powered vehicles by the latter, if acquired.[41][42][43][44] In January 2022, the South Korean courts «approved» Edison Motors’ acquisition plan, although the company would be kept in receivership until the transaction were completed.[45] In March 2022, SsangYong said the Edison Motors takeover was cancelled as the latter failed making acquisition payments for that month.[46]

In December 2021, SsangYong signed an agreement with the Chinese BYD Auto to co-develop battery systems for its first electric car (called U100) which would be launched in 2023.[47]

Takeover by the KG Group[edit]

In June 2022, the Seoul Bankruptcy Court opted for a consortium (KG Mobility) led by the KG Group as the final bidder to take over SsangYong Motor. The consortium planned to pay 900 billion won ($699.5 million) for SsangYong.[48] In August 2022, South Korea’s Free Trade Commission approved KG Group acquisition of a 61% majority stake in SsangYong through the consortium.[49][50] The acquisition payments were completed later that month. In September 2022, the Seoul Bankruptcy Court agreed to SsangYong’s receivership exit plan, including issuing new shares in order to pay the creditors.[51] The KG Group was set to start the process to exit SsangYong’s receivership in early October and finish the acquisition process on (or before) 14 October, the SsangYong sale deadline.
There also are plans to rename SsangYong.[49] After delays, the consortium started the receivership exit procedures on 31 October by requesting the receivership termination to the Seoul Bankruptcy Court.[52] The Court approved the receivership exit on 11 November, finalising the consortium’s acquisition.[53]

In December 2022, SsangYong’s chairman Kwak Jae-sun said it plans to remove the «SsangYong» name entirely in March 2023 by modifying the articles of association. The company is set to be renamed as «KG Mobility», adopting a new branding and using KG as its marque, to avoid the negative perception of the present name,[54] bypassing its «painful image».[55][56]

Facilities[edit]

Offices[edit]

  • SsangYong Head Office — The Head office located in Pyeongtaek, South Korea. R&D Centre, Design Centre, and other departments are located in the Pyeongtaek office
  • Seoul Office — Department under Head office is located in Yeoksam-dong, Seoul

Factories[edit]

  • Pyeongtaek Plant (South Korea) — Main factory. Produces a complete range.
  • Changwon Plant (South Korea) — Engine and parts factory.

Current model lineup[edit]

Name Production Notes Image
SUVs
Rexton 2001–present 2nd generation (Y400); also known as G4 Rexton in some market or Mahindra Alturas G4 in India SsangYong Rexton Y450 front.jpg
Tivoli 2015–present SsangYong’s first new model under Mahindra & Mahindra ownership[57] 2020 SsangYong Tivoli FL Front.jpg
XLV 2016–present Extended version of the Tivoli; also known as Tivoli Air in South Korea. 2016-03-01 Geneva Motor Show 1262.JPG
Torres 2022–present SsangYong’s first mid-sized SUV in South Korea. SsangYong Torres T7 1.5 T-GDI J100 Forrest Green (4).jpg
Korando 1983–2006,
2010–present 		Replaced by the Actyon, revived in late 2010, replaced by the C300 in 2019 SsangYong Korando, GIMS 2019, Le Grand-Saconnex (GIMS1297).jpg
Pickup trucks
Musso (Pickup) 2018–present Replaced the Actyon Sports; also known as Rexton Sports in South Korea 2018 Ssangyong Musso Saracen Automatic 2.2 Front.jpg

Former model lineup[edit]

Name Production Notes Image
SUVs
Actyon 2006–2016 Replaced the old Korando SsangYong Actyon facelift 01 Auto China 2014-04-23.jpg
Kyron 2005–2014 SsangYong’s first model under SAIC ownership 2010 SsangYong Kyron 2.7 XDI.JPG
Musso 1993–2005 Replaced by the Kyron SsangYong Musso front 20080320.jpg
Korando Family 1988–1995 Based on the Isuzu Trooper Ssangyong Korando Family RX 2.6i 1994 (41986297941).jpg
Pickup trucks
Musso Sports 2002–2005 Replaced by the Actyon Sports 2006 SsangYong Musso Sports utility (2015-07-03) 01.jpg
Actyon Sports 2006–2018 Replaced the Musso Sports; also known as Korando Sports from 2012 Actyon sports 2012.jpg
Vans
Istana 1995–2003 Licensed copy of the Mercedes-Benz MB100 Mercedes-Benz MB140D in Bangkok.jpg
Rodius/Stavic 2004–2019 Also known as Korando Turismo in South Korea. 00 ssangyong korandoturismo 1.jpg
Luxury cars
Chairman W 2008–2017 Was sold alongside the Chairman H 20111014 ssangyong new chairman w 1.jpg
Chairman H 1997–2014 Based on the Mercedes-Benz E-Class (W210) Ssangyong Chairman -- Korea.jpg
Kallista 1992 Rebadged Panther Kallista Panther Kallista white.jpg
Trucks and Buses
DA Truck Based on Nissan Diesel Truck
SY Truck Based on Mercedes-Benz trucks Ssangyong truck.JPG
Transstar Based on Mercedes-Benz buses SsangYong SB85M Transstar.JPG

See also[edit]

  • Mahindra Group

References[edit]

  1. ^ a b c d Annual Report 2013. Korean Automobile Industry (PDF). Korea Automobile Manufacturers Association. ISBN 978-89-8056-042-4. Archived from the original (PDF) on 22 August 2013. Retrieved 21 August 2013.
  2. ^ a b c d e «2012 Consolidated Financial Statements» (PDF). SsangYong Motor. Retrieved 22 August 2013.
  3. ^ «Ssangyong Motors». www.smotor.com. Archived from the original on 14 April 2009.
  4. ^ Dastidar, Surajit Ghosh (2011). «Mahindra and Mahindra’s Acquisition of SsangYong Motor Company» (PDF). Vidwat Journal. EBSCO Publishing. 4 (2): 31–38. ISSN 0975-055X. Retrieved 22 August 2013.[permanent dead link]
  5. ^ «SsangYong Motor». www.ssangyong.by. Retrieved 19 September 2018.
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  15. ^ Bruce Newton (31 May 2006). «SsangYong Kyron». Fairfax Media. Retrieved 21 March 2011.
  16. ^ a b «Ssangyong Motor ends seven-week strike». Financial Times. 31 August 2006. Archived from the original on 10 December 2022. Retrieved 16 October 2021.
  17. ^ «Article from». MarketWatch. 9 January 2009. Retrieved 25 February 2011.
  18. ^ a b «Ssangyong Motor Closes Main Factory Due to Strike». koreatimes. 31 May 2009. Retrieved 16 October 2021.
  19. ^ a b «IndustriALL and UAW demand justice for Ssangyong workers». IndustriALL. 10 October 2012. Retrieved 16 October 2021.
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  24. ^ «‘먹튀 논란’ 상하이車 반박 «쌍용車 주장 근거없어» — 아시아경제». Asiae.co.kr. 16 January 2009. Retrieved 25 February 2011.
  25. ^ «쌍용차 기술, 中상하이차로 유출 : : 뉴스 : 동아닷컴». News.donga.com. 12 November 2009. Retrieved 25 February 2011.
  26. ^ «INSIDE JoongAng Daily». Joongangdaily.joins.com. 24 March 2010. Retrieved 25 February 2011.
  27. ^ Saefong, Myra P. (8 April 2010). «Asia Follows Wall Street Lower». The Wall Street Journal.
  28. ^ «End of speculation: Mahindra enters the fray for ailing Ssangyong Motor | Indian Cars & Motorcycles Blog». Indiancarsbikes.in. 17 May 2010. Archived from the original on 22 May 2010. Retrieved 25 February 2011.
  29. ^ «Business finance news — currency market news — online UK currency markets — financial news — Interactive Investor». Iii.co.uk. Retrieved 25 February 2011.
  30. ^ «Mahindra chosen preferred bidder for Ssangyong Motors». Sify. 12 August 2010. Archived from the original on 11 August 2011. Retrieved 25 February 2011.
  31. ^ Nandini Sen Gupta, TNN, Feb 16, 2011, 12.56am IST (16 February 2011). «M&M seals $470m Ssangyong deal — The Times of India». Timesofindia.indiatimes.com. Retrieved 25 February 2011.{{cite news}}: CS1 maint: multiple names: authors list (link)
  32. ^ «UPDATE: Mahindra Aims To Complete Ssangyong Acquisition In Four Months». The Wall Street Journal. 25 August 2010.[dead link]
  33. ^ «Mahindra reportedly inks deal to buy Ssangyong for $463M». Autoblog. 23 November 2010. Retrieved 23 November 2010.
  34. ^ «SsangYong launches its first compact global SUV Tivoli in Korea». www.mahindra.com. Archived from the original on 21 April 2019. Retrieved 27 January 2019.
  35. ^ «Ssangyong Motor reports first net profits in 9 years». Micro-Ssangyong. 16 February 2017. Retrieved 27 January 2019.
  36. ^ «SsangYong Motor Global Sales Record 143,685 vehicles in 2017». www.mahindra.com. Retrieved 28 December 2018.
  37. ^ GaadiWaadi, Team (11 December 2017). «Mahindra To Help SsangYong In Developing Electrified Vehicles». Gaadiwaadi.com — Car News, Bike News, Reviews. Retrieved 28 December 2018.
  38. ^ «Mahindra-SsangYong ties deepen for new engine, platforms and electric cars». Autocar India. Retrieved 28 December 2018.
  39. ^ «Mahindra’s Korean subsidiary Ssangyong Motor files for bankruptcy». Retrieved 21 December 2020.
  40. ^ 최경애 (22 December 2020). «SsangYong Motor owes hefty overdue debt as it files for court receivership». Yonhap News Agency. Retrieved 26 December 2020.
  41. ^ Posted on October 20, 2021October 22, 2021 (20 October 2021). «SsangYong Set To Be Acquired By Edison Motors». Carscoops. Retrieved 11 April 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  42. ^ «SsangYong sold to Korean EV startup Edison Motors — Autobala». Archived from the original on 21 October 2021. Retrieved 21 October 2021.
  43. ^ «SsangYong to be sold to Korean EV startup Edison Motors».
  44. ^ «Edison Motors Aims to Turn Around SsangYong in 3-5 Years | Be Korea-savvy». Koreabizwire.com. Retrieved 11 April 2022.
  45. ^ «Court OKs Edison’s acquisition of SsangYong». Korea Bizwire. 10 January 2022. Retrieved 12 January 2022.
  46. ^ «SsangYong Motor back on sale as Edison’s acquisition fails». The Investor. 29 March 2022. Retrieved 30 March 2022.
  47. ^ Seo, Jin-woo; Lee, Ha-yeon (22 December 2021). «SsangYong Motor joins forces with BYD to gain power to go electric». Pulse. Retrieved 24 December 2021.
  48. ^ «South Korean Court Picks KG Group Consortium as Final Bidder for SssangYong Motor». www.marketwatch.com. 28 June 2022.
  49. ^ a b «쌍용차 품은 곽재선 회장, KG색깔 어떻게 입힐까» [Kwak Jae-sun takes on SsangYong Motor chairmanship as well as KG’s]. Newdaily. 1 September 2022. Retrieved 2 September 2022.
  50. ^ «Regulator approves SsangYong takeover by KG Group». Just Auto. 24 August 2022. Retrieved 2 September 2022.
  51. ^ «Bankruptcy court approves Ssangyong rehabilitation plan». Just Auto. 1 September 2022. Retrieved 2 September 2022.
  52. ^ Lee, Sang-hyun (31 October 2022). «쌍용차, 서울회생법원에 회생절차 종결 신청» [Ssangyong Motor applies for termination of receivership with the Seoul Bankruptcy Court]. Daily Impact. Retrieved 31 October 2022.
  53. ^ Choi, Seong-hook (11 November 2022). «쌍용자동차 19개월 만에 회생절차 종결» [Ssangyong Motor Company’s receivership ends after nineteen months]. Seoul Economic Daily. Retrieved 12 November 2022.
  54. ^ Park, Seong-ho (22 December 2022). ««쌍용차 역사 빼고 다 바꾼다»…36년 만에 ‘KG 모빌리티’로 재탄생» [«We will change everything, except for Ssangyong Motor’s history». To be reborn as ‘KG Mobility’ after 36 years]. EBN. Retrieved 22 December 2022.
  55. ^ «SsangYong to change Name To KG Mobility because of ‘painful image’«. Motor1.com. 4 January 2023.
  56. ^ «SsangYong Motor To Be Renamed To KG Mobility». Carscoops. 4 January 2023.
  57. ^ Batchelor, James (24 December 2014). «SsangYong reveals Tivoli small SUV in production form». Auto Express. Retrieved 25 February 2015.

External links[edit]

Wikimedia Commons has media related to SsangYong.

  • Official website Edit this at Wikidata
Источник

  • 1
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Источник

SsangYong Motor Company

Ssangyong company logo.svg
SY sign.jpg

Native name

 쌍용자동차 주식회사
Type Public

Traded as

 KRX: 003620
Industry Automotive
Founded 4 March 1954; 68 years ago[1]
Headquarters Pyeongtaek, Gyeonggi-do, South Korea

Area served

 Worldwide

Key people
  • Kwak Jae-sun (Chairman)
  • Jeong Yong-won (President and CEO)
Products Automobiles and commercial vehicles

Production output

 Increase 119,142 (2012)[1]
Revenue Decrease ₩2.874 trillion (2012)[1][2]

Operating income

 Increase −₩98.12 billion (2012)[2]

Net income

 Increase −₩105.93 billion (2012)[2]
Total assets Increase ₩1.85 trillion (2012)[2]
Total equity Decrease ₩800.66 billion (2012)[2]

Number of employees

 4,365 (2012)[1]
Parent KG Group
Website smotor.com

The SsangYong Motor Company (Korean: 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the chaebol SsangYong Group. SsangYong Motor was then acquired by Daewoo Motors, SAIC Motor, and then Mahindra & Mahindra. In 2022, the company was acquired by the KG Group. The SsangYong name is planned to be dropped by the company in March 2023.

The company main focus is sport utility vehicles (SUVs) and crossover SUVs and it is preparing for transitioning to electric cars.

History[edit]

Dong-A Motor (1954–1987)[edit]

SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co.[3][4] (Korean: 하동환자동차공업주식회사). In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks and buses. Beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor (Korean: 동아자동차공업주식회사) in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986.[5][6]

Gallery[edit]

  • Dong-A DA 30 with Ha Dong-hwan body

    Dong-A DA 30 with Ha Dong-hwan body

  • Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

    Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

  • Ha Dong-hwan bus on the right

    Ha Dong-hwan bus on the right

Keohwa (1981–1984)[edit]

Keohwa, Ltd. (Korean: 주식회사 거화; RR: Jusighoesa Geohwa) was a South Korean assembler of Jeeps under licence, mainly for export markets.[7] Its predecessor was the Jeep assembly joint venture of Shinjin Motors and American Motor Corporation (AMC), established in 1974.[8][9] It was spun off as an independent company in 1981, after AMC left the venture and retired the permission to use the Jeep trade mark. In 1983, Jeeps from Keohwa started to be named as «Korando».[9] In 1984, Keohwa was acquired by the predecessor of SsangYong Motor, Dong-A Motor.

SsangYong Motors (1986–present)[edit]

After Dong-A Motor was taken over by SsangYong Business Group, Dong-A Motor changed its name to SsangYong Motor in 1988.[10] In 1987, it acquired United Kingdom-based specialty car maker Panther Westwinds.[10]

In 1991, SsangYong started a technology partnership with Daimler-Benz. The deal was for SsangYong to develop a sport utility vehicle (SUV) with Mercedes-Benz technology. This was supposedly to allow SsangYong to gain footholds in new markets without having to build their own infrastructure (utilizing existing Mercedes-Benz networks) while giving Mercedes a competitor in the then-booming SUV market.[11] This resulted in the Musso, which was sold first by Mercedes-Benz and later by SsangYong.[12]

SsangYong further benefited from this alliance, long after Daimler-Benz stopped selling the Musso, producing a badge engineered version of the Mercedes-Benz MB100, the Istana and using Daimler designs in many other models, including the second-generation Korando (engine and transmission), the Rexton (transmission),[13] the Chairman H (chassis and transmission)[14] and the Kyron (transmission).[15]

Takeover by Daewoo Motors and SAIC[edit]

In 1997, Daewoo Motors, now GM Korea, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company. In July — August 2006, workers went on strike for 7 weeks to protest SAIC’s plans to lay off 554 employees.[16] The strike cost SsangYong 380 billion Won and negotiations ended with workers accepting a wage freeze.[16]

SsangYong’s hybrid technology.

In January 2009, after recording a $75.42 million loss, the company was put into receivership. This may have been due to the global economic crisis and shrinking demand.[17] In response to management’s plan to cut 2,600 jobs, a third of the workforce, workers at Ssangyong’s main factory stopped work and barricaded themselves inside in protest.[18] One elderly worker died from a cerebral hemorrhage within the first 12 days.[18] The strikes grew violent after water, food, electricity, and medicine were withheld from the strikers and police surrounded the building.[19] Strikers threw Molotov cocktails at police[20] while police used electroshock weapons and allegedly dropped corrosive chemicals on the strikers.[19] On August 14, 2009, worker strikes finished at the SsangYong factory and production commenced again after 77 days of disruption.[21] Company employees and analysts have also blamed SAIC for stealing technology related to hybrid vehicles from the company and failing to live up to its promise of continued investment.[22][23] SAIC denied allegations of technology theft by the company’s employees.[24] However, SAIC was charged by the South Korean prosecutor’s office for violating company regulations and the South Korean law when it ordered and carried out the transfer of SsangYong’s proprietary technology developed with South Korean government funding over to SAIC researchers.[25]

In 2010, Daewoo Motor Sales was dropped by General Motors. The long-time dealership partner then signed a deal with the SsangYong Motor Company to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of ₩20,000,000,000 ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong will also sell vehicles through private dealers.[26]

Takeover by Mahindra Automotive[edit]

The Tivoli was SsangYong’s first new model under Mahindra & Mahindra ownership

SsangYong’s Rexton Sports pick-up

In April 2010, the company released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%.[27] The companies were later revealed to be Mahindra & Mahindra, Ruia Group, SM Aluminum, Seoul Investments and French-owned Renault Samsung Motors of South Korea.[28][29] In August 2010, Mahindra & Mahindra Limited was chosen as the preferred bidder for SsangYong.[30] The acquisition was completed in February 2011[31][32] and cost Mahindra US$463.6 million.[33]

In 2015, SsangYong launched the Tivoli, its first car after Mahindra acquisition.[34] Within a year of Tivoli’s launch, the company reported its first net profit in 9 years.[35] In 2017, SsangYong sold 106,677 units in domestic sales and 37,008 units in exports, setting a record high in 14 years since 2003, when its annual domestic sales stood at 131,283 units. Out of this, the Tivoli alone contributed over 50,000 units of domestic sales for the company.[36] Mahindra XUV300, which was later launched in 2019 is built on Tivoli’s platform, sharing many parts including several metal sheets.

Mahindra also worked with its SsangYong subsidiary to introduce high performance electric vehicles in South Korea for mass-market sales.[37] Mahindra and SsangYong increased their collaboration on engines and electric cars.[38]

On 21 December 2020, SsangYong Motor filed for receivership after Mahindra cut funding to SsangYong due to its outstanding debt.[39] Ssang Yong Motor spokesperson stated that the company owes a total of 315.3 billion won (US$285 million) in overdue debt to financial institutions.[40]

Failed takeover by Edison Motors[edit]

In October 2021, it was reported that SsangYong was set to be acquired by electric bus and truck maker Edison Motors which would lead to SsangYong exiting receivership. Edison Motors planned to introduce SsangYong vehicles into the United States, Mexico, and Canada markets by the mid-2020s. Edison Motors also intended to phase-out production and new car sales of fossil fuel-powered SsangYong vehicles by 2030, in favor of producing and selling only electric-powered vehicles by the latter, if acquired.[41][42][43][44] In January 2022, the South Korean courts «approved» Edison Motors’ acquisition plan, although the company would be kept in receivership until the transaction were completed.[45] In March 2022, SsangYong said the Edison Motors takeover was cancelled as the latter failed making acquisition payments for that month.[46]

In December 2021, SsangYong signed an agreement with the Chinese BYD Auto to co-develop battery systems for its first electric car (called U100) which would be launched in 2023.[47]

Takeover by the KG Group[edit]

In June 2022, the Seoul Bankruptcy Court opted for a consortium (KG Mobility) led by the KG Group as the final bidder to take over SsangYong Motor. The consortium planned to pay 900 billion won ($699.5 million) for SsangYong.[48] In August 2022, South Korea’s Free Trade Commission approved KG Group acquisition of a 61% majority stake in SsangYong through the consortium.[49][50] The acquisition payments were completed later that month. In September 2022, the Seoul Bankruptcy Court agreed to SsangYong’s receivership exit plan, including issuing new shares in order to pay the creditors.[51] The KG Group was set to start the process to exit SsangYong’s receivership in early October and finish the acquisition process on (or before) 14 October, the SsangYong sale deadline.
There also are plans to rename SsangYong.[49] After delays, the consortium started the receivership exit procedures on 31 October by requesting the receivership termination to the Seoul Bankruptcy Court.[52] The Court approved the receivership exit on 11 November, finalising the consortium’s acquisition.[53]

In December 2022, SsangYong’s chairman Kwak Jae-sun said it plans to remove the «SsangYong» name entirely in March 2023 by modifying the articles of association. The company is set to be renamed as «KG Mobility», adopting a new branding and using KG as its marque, to avoid the negative perception of the present name,[54] bypassing its «painful image».[55][56]

Facilities[edit]

Offices[edit]

  • SsangYoung Head Office — The Head office located in Pyeongtaek, South Korea. R&D Centre, Design Centre, and other departments are located in the Pyeongtaek office
  • Seoul Office — Department under Head office is located in Yeoksam-dong, Seoul

Factories[edit]

  • Pyeongtaek Plant (South Korea) — Main factory. Produces a complete range.
  • Changwon Plant (South Korea) — Engine and parts factory.

Current model lineup[edit]

Name Production Notes Image
SUVs
Rexton 2001–present 2nd generation (Y400); also known as G4 Rexton in some market or Mahindra Alturas G4 in India SsangYong Rexton Y450 front.jpg
Tivoli 2015–present SsangYong’s first new model under Mahindra & Mahindra ownership[57] 2020 SsangYong Tivoli FL Front.jpg
XLV 2016–present Extended version of the Tivoli; also known as Tivoli Air in South Korea. 2016-03-01 Geneva Motor Show 1262.JPG
Torres 2022–present SsangYong’s first mid-sized SUV in South Korea. SsangYong Torres T7 1.5 T-GDI J100 Forrest Green (4).jpg
Korando 1983–2006,
2010–present 		Replaced by the Actyon, revived in late 2010, replaced by the C300 in 2019 SsangYong Korando, GIMS 2019, Le Grand-Saconnex (GIMS1297).jpg
Pickup trucks
Musso (Pickup) 2018–present Replaced the Actyon Sports; also known as Rexton Sports in South Korea 2018 Ssangyong Musso Saracen Automatic 2.2 Front.jpg

Former model lineup[edit]

Name Production Notes Image
SUVs
Actyon 2006–2016 Replaced the old Korando SsangYong Actyon facelift 01 Auto China 2014-04-23.jpg
Kyron 2005–2014 SsangYong’s first model under SAIC ownership 2010 SsangYong Kyron 2.7 XDI.JPG
Musso 1993–2005 Replaced by the Kyron SsangYong Musso front 20080320.jpg
Korando Family 1988–1995 Based on the Isuzu Trooper Ssangyong Korando Family RX 2.6i 1994 (41986297941).jpg
Pickup trucks
Musso Sports 2002–2005 Replaced by the Actyon Sports 2006 SsangYong Musso Sports utility (2015-07-03) 01.jpg
Actyon Sports 2006–2018 Replaced the Musso Sports; also known as Korando Sports from 2012 Actyon sports 2012.jpg
Vans
Istana 1995–2003 Licensed copy of the Mercedes-Benz MB100 Mercedes-Benz MB140D in Bangkok.jpg
Rodius/Stavic 2004–2019 Also known as Korando Turismo in South Korea. 00 ssangyong korandoturismo 1.jpg
Luxury cars
Chairman W 2008–2017 Was sold alongside the Chairman H 20111014 ssangyong new chairman w 1.jpg
Chairman H 1997–2014 Based on the Mercedes-Benz E-Class (W210) Ssangyong Chairman -- Korea.jpg
Kallista 1992 Rebadged Panther Kallista Panther Kallista white.jpg
Trucks and Buses
DA Truck Based on Nissan Diesel Truck
SY Truck Based on Mercedes-Benz trucks Ssangyong truck.JPG
Transstar Based on Mercedes-Benz buses SsangYong SB85M Transstar.JPG

See also[edit]

  • Mahindra Group

References[edit]

  1. ^ a b c d Annual Report 2013. Korean Automobile Industry (PDF). Korea Automobile Manufacturers Association. ISBN 978-89-8056-042-4. Archived from the original (PDF) on 22 August 2013. Retrieved 21 August 2013.
  2. ^ a b c d e «2012 Consolidated Financial Statements» (PDF). SsangYong Motor. Retrieved 22 August 2013.
  3. ^ «Ssangyong Motors». www.smotor.com. Archived from the original on 14 April 2009.
  4. ^ Dastidar, Surajit Ghosh (2011). «Mahindra and Mahindra’s Acquisition of SsangYong Motor Company» (PDF). Vidwat Journal. EBSCO Publishing. 4 (2): 31–38. ISSN 0975-055X. Retrieved 22 August 2013.[permanent dead link]
  5. ^ «SsangYong Motor». www.ssangyong.by. Retrieved 19 September 2018.
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  7. ^ 지프 하나로 아·중동공략…130배 신장 [Jeeps exports surge in the Middle East, 130 times more]. article.joins.com (in Korean). JoongAng Ilbo. 25 November 1981. Retrieved 17 March 2018.
  8. ^ Kim, Joon (22 March 2015). 신진차 ‘지프’가 국내 첫 SUV… 현대차 ‘싼타페’로 열풍 선도 [Shinjin Motors’ Jeep is Korea’s first SUV, leading to Hyundai Santa Fe]. biz.khan.co.kr (in Korean). The Kyunghyang Shinmun. Retrieved 17 March 2018.
  9. ^ a b 아재차 히스토리 — 코란도(korando)편 [History again — History of Korando]. Encar Magazine (in Korean). Archived from the original on 29 June 2020. Retrieved 17 March 2018 – via Magazine.kakao.com.
  10. ^ a b «Ssangyong Motors». www.smotor.com. Archived from the original on 29 December 2008.
  11. ^ «Musso-Mercedes match was a rocky road — www.drive.com.au». Drive.com.au. 18 May 2000. Retrieved 19 September 2009.
  12. ^ David Morley (18 May 2000). «Musso-Mercedes match was a rocky road». Fairfax Media. Retrieved 21 March 2011.
  13. ^ Jonathan Hawley (4 July 2004). «Old-fashioned values». Fairfax Media. Retrieved 21 March 2011.
  14. ^ Bruce Newton (10 May 2005). «SsangYong Chairman CM600S». Fairfax Media. Retrieved 21 March 2011.
  15. ^ Bruce Newton (31 May 2006). «SsangYong Kyron». Fairfax Media. Retrieved 21 March 2011.
  16. ^ a b «Ssangyong Motor ends seven-week strike». Financial Times. 31 August 2006. Archived from the original on 10 December 2022. Retrieved 16 October 2021.
  17. ^ «Article from». MarketWatch. 9 January 2009. Retrieved 25 February 2011.
  18. ^ a b «Ssangyong Motor Closes Main Factory Due to Strike». koreatimes. 31 May 2009. Retrieved 16 October 2021.
  19. ^ a b «IndustriALL and UAW demand justice for Ssangyong workers». IndustriALL. 10 October 2012. Retrieved 16 October 2021.
  20. ^ «Ssangyong Motors workers on strike in South Korea». The Guardian. 4 August 2009. ISSN 0261-3077. Retrieved 16 October 2021.
  21. ^ «INSIDE JoongAng Daily». Joongangdaily.joins.com. 14 August 2009. Archived from the original on 21 October 2010. Retrieved 27 September 2009.
  22. ^ «S.Korea Co Ssangyong Motor Awaits Key Ruling On Turnaround Plan». TradingMarkets.com. Retrieved 25 February 2011.[permanent dead link]
  23. ^ Sebastian Blanco (12 October 2009). «REPORT: SAIC stole hybrid technology, says Ssangyong». Autoblog Green. Retrieved 21 March 2011.
  24. ^ «‘먹튀 논란’ 상하이車 반박 «쌍용車 주장 근거없어» — 아시아경제». Asiae.co.kr. 16 January 2009. Retrieved 25 February 2011.
  25. ^ «쌍용차 기술, 中상하이차로 유출 : : 뉴스 : 동아닷컴». News.donga.com. 12 November 2009. Retrieved 25 February 2011.
  26. ^ «INSIDE JoongAng Daily». Joongangdaily.joins.com. 24 March 2010. Retrieved 25 February 2011.
  27. ^ Saefong, Myra P. (8 April 2010). «Asia Follows Wall Street Lower». The Wall Street Journal.
  28. ^ «End of speculation: Mahindra enters the fray for ailing Ssangyong Motor | Indian Cars & Motorcycles Blog». Indiancarsbikes.in. 17 May 2010. Archived from the original on 22 May 2010. Retrieved 25 February 2011.
  29. ^ «Business finance news — currency market news — online UK currency markets — financial news — Interactive Investor». Iii.co.uk. Retrieved 25 February 2011.
  30. ^ «Mahindra chosen preferred bidder for Ssangyong Motors». Sify.com. 12 August 2010. Archived from the original on 11 August 2011. Retrieved 25 February 2011.
  31. ^ Nandini Sen Gupta, TNN, Feb 16, 2011, 12.56am IST (16 February 2011). «M&M seals $470m Ssangyong deal — The Times of India». Timesofindia.indiatimes.com. Retrieved 25 February 2011.{{cite news}}: CS1 maint: multiple names: authors list (link)
  32. ^ «UPDATE: Mahindra Aims To Complete Ssangyong Acquisition In Four Months». The Wall Street Journal. 25 August 2010.[dead link]
  33. ^ «Mahindra reportedly inks deal to buy Ssangyong for $463M». Autoblog. 23 November 2010. Retrieved 23 November 2010.
  34. ^ «SsangYong launches its first compact global SUV Tivoli in Korea». www.mahindra.com. Archived from the original on 21 April 2019. Retrieved 27 January 2019.
  35. ^ «Ssangyong Motor reports first net profits in 9 years». Micro-Ssangyong. 16 February 2017. Retrieved 27 January 2019.
  36. ^ «SsangYong Motor Global Sales Record 143,685 vehicles in 2017». www.mahindra.com. Retrieved 28 December 2018.
  37. ^ GaadiWaadi, Team (11 December 2017). «Mahindra To Help SsangYong In Developing Electrified Vehicles». Gaadiwaadi.com — Car News, Bike News, Reviews. Retrieved 28 December 2018.
  38. ^ «Mahindra-SsangYong ties deepen for new engine, platforms and electric cars». Autocar India. Retrieved 28 December 2018.
  39. ^ «Mahindra’s Korean subsidiary Ssangyong Motor files for bankruptcy». Retrieved 21 December 2020.
  40. ^ 최경애 (22 December 2020). «SsangYong Motor owes hefty overdue debt as it files for court receivership». Yonhap News Agency. Retrieved 26 December 2020.
  41. ^ Posted on October 20, 2021October 22, 2021 (20 October 2021). «SsangYong Set To Be Acquired By Edison Motors». Carscoops. Retrieved 11 April 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  42. ^ «SsangYong sold to Korean EV startup Edison Motors — Autobala». Archived from the original on 21 October 2021. Retrieved 21 October 2021.
  43. ^ «SsangYong to be sold to Korean EV startup Edison Motors».
  44. ^ «Edison Motors Aims to Turn Around SsangYong in 3-5 Years | Be Korea-savvy». Koreabizwire.com. Retrieved 11 April 2022.
  45. ^ «Court OKs Edison’s acquisition of SsangYong». Korea Bizwire. 10 January 2022. Retrieved 12 January 2022.
  46. ^ «SsangYong Motor back on sale as Edison’s acquisition fails». The Investor. 29 March 2022. Retrieved 30 March 2022.
  47. ^ Seo, Jin-woo; Lee, Ha-yeon (22 December 2021). «SsangYong Motor joins forces with BYD to gain power to go electric». Pulse. Retrieved 24 December 2021.
  48. ^ «South Korean Court Picks KG Group Consortium as Final Bidder for SssangYong Motor». www.marketwatch.com. 28 June 2022.
  49. ^ a b «쌍용차 품은 곽재선 회장, KG색깔 어떻게 입힐까» [Kwak Jae-sun takes on SsangYong Motor chairmanship as well as KG’s]. Newdaily. 1 September 2022. Retrieved 2 September 2022.
  50. ^ «Regulator approves SsangYong takeover by KG Group». Just Auto. 24 August 2022. Retrieved 2 September 2022.
  51. ^ «Bankruptcy court approves Ssangyong rehabilitation plan». Just Auto. 1 September 2022. Retrieved 2 September 2022.
  52. ^ Lee, Sang-hyun (31 October 2022). «쌍용차, 서울회생법원에 회생절차 종결 신청» [Ssangyong Motor applies for termination of receivership with the Seoul Bankruptcy Court]. Daily Impact. Retrieved 31 October 2022.
  53. ^ Choi, Seong-hook (11 November 2022). «쌍용자동차 19개월 만에 회생절차 종결» [Ssangyong Motor Company’s receivership ends after nineteen months]. Seoul Economic Daily. Retrieved 12 November 2022.
  54. ^ Park, Seong-ho (22 December 2022). ««쌍용차 역사 빼고 다 바꾼다»…36년 만에 ‘KG 모빌리티’로 재탄생» [«We will change everything, except for Ssangyong Motor’s history». To be reborn as ‘KG Mobility’ after 36 years]. EBN. Retrieved 22 December 2022.
  55. ^ «SsangYong to change Name To KG Mobility because of ‘painful image’«. Motor1.com. 4 January 2023.
  56. ^ «SsangYong Motor To Be Renamed To KG Mobility». Carscoops. 4 January 2023.
  57. ^ Batchelor, James (24 December 2014). «SsangYong reveals Tivoli small SUV in production form». Auto Express. Retrieved 25 February 2015.

External links[edit]

Wikimedia Commons has media related to SsangYong.

  • Official website Edit this at Wikidata

SsangYong Motor Company

Ssangyong company logo.svg
SY sign.jpg

Native name

 쌍용자동차 주식회사
Type Public

Traded as

 KRX: 003620
Industry Automotive
Founded 4 March 1954; 68 years ago[1]
Headquarters Pyeongtaek, Gyeonggi-do, South Korea

Area served

 Worldwide

Key people
  • Kwak Jae-sun (Chairman)
  • Jeong Yong-won (President and CEO)
Products Automobiles and commercial vehicles

Production output

 Increase 119,142 (2012)[1]
Revenue Decrease ₩2.874 trillion (2012)[1][2]

Operating income

 Increase −₩98.12 billion (2012)[2]

Net income

 Increase −₩105.93 billion (2012)[2]
Total assets Increase ₩1.85 trillion (2012)[2]
Total equity Decrease ₩800.66 billion (2012)[2]

Number of employees

 4,365 (2012)[1]
Parent KG Group
Website smotor.com

The SsangYong Motor Company (Korean: 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the chaebol SsangYong Group. SsangYong Motor was then acquired by Daewoo Motors, SAIC Motor, and then Mahindra & Mahindra. In 2022, the company was acquired by the KG Group. The SsangYong name is planned to be dropped by the company in March 2023.

The company main focus is sport utility vehicles (SUVs) and crossover SUVs and it is preparing for transitioning to electric cars.

History[edit]

Dong-A Motor (1954–1987)[edit]

SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co.[3][4] (Korean: 하동환자동차공업주식회사). In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks and buses. Beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor (Korean: 동아자동차공업주식회사) in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986.[5][6]

Gallery[edit]

  • Dong-A DA 30 with Ha Dong-hwan body

    Dong-A DA 30 with Ha Dong-hwan body

  • Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

    Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

  • Ha Dong-hwan bus on the right

    Ha Dong-hwan bus on the right

Keohwa (1981–1984)[edit]

Keohwa, Ltd. (Korean: 주식회사 거화; RR: Jusighoesa Geohwa) was a South Korean assembler of Jeeps under licence, mainly for export markets.[7] Its predecessor was the Jeep assembly joint venture of Shinjin Motors and American Motor Corporation (AMC), established in 1974.[8][9] It was spun off as an independent company in 1981, after AMC left the venture and retired the permission to use the Jeep trade mark. In 1983, Jeeps from Keohwa started to be named as «Korando».[9] In 1984, Keohwa was acquired by the predecessor of SsangYong Motor, Dong-A Motor.

SsangYong Motors (1986–present)[edit]

After Dong-A Motor was taken over by SsangYong Business Group, Dong-A Motor changed its name to SsangYong Motor in 1988.[10] In 1987, it acquired United Kingdom-based specialty car maker Panther Westwinds.[10]

In 1991, SsangYong started a technology partnership with Daimler-Benz. The deal was for SsangYong to develop a sport utility vehicle (SUV) with Mercedes-Benz technology. This was supposedly to allow SsangYong to gain footholds in new markets without having to build their own infrastructure (utilizing existing Mercedes-Benz networks) while giving Mercedes a competitor in the then-booming SUV market.[11] This resulted in the Musso, which was sold first by Mercedes-Benz and later by SsangYong.[12]

SsangYong further benefited from this alliance, long after Daimler-Benz stopped selling the Musso, producing a badge engineered version of the Mercedes-Benz MB100, the Istana and using Daimler designs in many other models, including the second-generation Korando (engine and transmission), the Rexton (transmission),[13] the Chairman H (chassis and transmission)[14] and the Kyron (transmission).[15]

Takeover by Daewoo Motors and SAIC[edit]

In 1997, Daewoo Motors, now GM Korea, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company. In July — August 2006, workers went on strike for 7 weeks to protest SAIC’s plans to lay off 554 employees.[16] The strike cost SsangYong 380 billion Won and negotiations ended with workers accepting a wage freeze.[16]

SsangYong’s hybrid technology.

In January 2009, after recording a $75.42 million loss, the company was put into receivership. This may have been due to the global economic crisis and shrinking demand.[17] In response to management’s plan to cut 2,600 jobs, a third of the workforce, workers at Ssangyong’s main factory stopped work and barricaded themselves inside in protest.[18] One elderly worker died from a cerebral hemorrhage within the first 12 days.[18] The strikes grew violent after water, food, electricity, and medicine were withheld from the strikers and police surrounded the building.[19] Strikers threw Molotov cocktails at police[20] while police used electroshock weapons and allegedly dropped corrosive chemicals on the strikers.[19] On August 14, 2009, worker strikes finished at the SsangYong factory and production commenced again after 77 days of disruption.[21] Company employees and analysts have also blamed SAIC for stealing technology related to hybrid vehicles from the company and failing to live up to its promise of continued investment.[22][23] SAIC denied allegations of technology theft by the company’s employees.[24] However, SAIC was charged by the South Korean prosecutor’s office for violating company regulations and the South Korean law when it ordered and carried out the transfer of SsangYong’s proprietary technology developed with South Korean government funding over to SAIC researchers.[25]

In 2010, Daewoo Motor Sales was dropped by General Motors. The long-time dealership partner then signed a deal with the SsangYong Motor Company to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of ₩20,000,000,000 ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong will also sell vehicles through private dealers.[26]

Takeover by Mahindra Automotive[edit]

The Tivoli was SsangYong’s first new model under Mahindra & Mahindra ownership

SsangYong’s Rexton Sports pick-up

In April 2010, the company released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%.[27] The companies were later revealed to be Mahindra & Mahindra, Ruia Group, SM Aluminum, Seoul Investments and French-owned Renault Samsung Motors of South Korea.[28][29] In August 2010, Mahindra & Mahindra Limited was chosen as the preferred bidder for SsangYong.[30] The acquisition was completed in February 2011[31][32] and cost Mahindra US$463.6 million.[33]

In 2015, SsangYong launched the Tivoli, its first car after Mahindra acquisition.[34] Within a year of Tivoli’s launch, the company reported its first net profit in 9 years.[35] In 2017, SsangYong sold 106,677 units in domestic sales and 37,008 units in exports, setting a record high in 14 years since 2003, when its annual domestic sales stood at 131,283 units. Out of this, the Tivoli alone contributed over 50,000 units of domestic sales for the company.[36] Mahindra XUV300, which was later launched in 2019 is built on Tivoli’s platform, sharing many parts including several metal sheets.

Mahindra also worked with its SsangYong subsidiary to introduce high performance electric vehicles in South Korea for mass-market sales.[37] Mahindra and SsangYong increased their collaboration on engines and electric cars.[38]

On 21 December 2020, SsangYong Motor filed for receivership after Mahindra cut funding to SsangYong due to its outstanding debt.[39] Ssang Yong Motor spokesperson stated that the company owes a total of 315.3 billion won (US$285 million) in overdue debt to financial institutions.[40]

Failed takeover by Edison Motors[edit]

In October 2021, it was reported that SsangYong was set to be acquired by electric bus and truck maker Edison Motors which would lead to SsangYong exiting receivership. Edison Motors planned to introduce SsangYong vehicles into the United States, Mexico, and Canada markets by the mid-2020s. Edison Motors also intended to phase-out production and new car sales of fossil fuel-powered SsangYong vehicles by 2030, in favor of producing and selling only electric-powered vehicles by the latter, if acquired.[41][42][43][44] In January 2022, the South Korean courts «approved» Edison Motors’ acquisition plan, although the company would be kept in receivership until the transaction were completed.[45] In March 2022, SsangYong said the Edison Motors takeover was cancelled as the latter failed making acquisition payments for that month.[46]

In December 2021, SsangYong signed an agreement with the Chinese BYD Auto to co-develop battery systems for its first electric car (called U100) which would be launched in 2023.[47]

Takeover by the KG Group[edit]

In June 2022, the Seoul Bankruptcy Court opted for a consortium (KG Mobility) led by the KG Group as the final bidder to take over SsangYong Motor. The consortium planned to pay 900 billion won ($699.5 million) for SsangYong.[48] In August 2022, South Korea’s Free Trade Commission approved KG Group acquisition of a 61% majority stake in SsangYong through the consortium.[49][50] The acquisition payments were completed later that month. In September 2022, the Seoul Bankruptcy Court agreed to SsangYong’s receivership exit plan, including issuing new shares in order to pay the creditors.[51] The KG Group was set to start the process to exit SsangYong’s receivership in early October and finish the acquisition process on (or before) 14 October, the SsangYong sale deadline.
There also are plans to rename SsangYong.[49] After delays, the consortium started the receivership exit procedures on 31 October by requesting the receivership termination to the Seoul Bankruptcy Court.[52] The Court approved the receivership exit on 11 November, finalising the consortium’s acquisition.[53]

In December 2022, SsangYong’s chairman Kwak Jae-sun said it plans to remove the «SsangYong» name entirely in March 2023 by modifying the articles of association. The company is set to be renamed as «KG Mobility», adopting a new branding and using KG as its marque, to avoid the negative perception of the present name,[54] bypassing its «painful image».[55][56]

Facilities[edit]

Offices[edit]

  • SsangYoung Head Office — The Head office located in Pyeongtaek, South Korea. R&D Centre, Design Centre, and other departments are located in the Pyeongtaek office
  • Seoul Office — Department under Head office is located in Yeoksam-dong, Seoul

Factories[edit]

  • Pyeongtaek Plant (South Korea) — Main factory. Produces a complete range.
  • Changwon Plant (South Korea) — Engine and parts factory.

Current model lineup[edit]

Name Production Notes Image
SUVs
Rexton 2001–present 2nd generation (Y400); also known as G4 Rexton in some market or Mahindra Alturas G4 in India SsangYong Rexton Y450 front.jpg
Tivoli 2015–present SsangYong’s first new model under Mahindra & Mahindra ownership[57] 2020 SsangYong Tivoli FL Front.jpg
XLV 2016–present Extended version of the Tivoli; also known as Tivoli Air in South Korea. 2016-03-01 Geneva Motor Show 1262.JPG
Torres 2022–present SsangYong’s first mid-sized SUV in South Korea. SsangYong Torres T7 1.5 T-GDI J100 Forrest Green (4).jpg
Korando 1983–2006,
2010–present 		Replaced by the Actyon, revived in late 2010, replaced by the C300 in 2019 SsangYong Korando, GIMS 2019, Le Grand-Saconnex (GIMS1297).jpg
Pickup trucks
Musso (Pickup) 2018–present Replaced the Actyon Sports; also known as Rexton Sports in South Korea 2018 Ssangyong Musso Saracen Automatic 2.2 Front.jpg

Former model lineup[edit]

Name Production Notes Image
SUVs
Actyon 2006–2016 Replaced the old Korando SsangYong Actyon facelift 01 Auto China 2014-04-23.jpg
Kyron 2005–2014 SsangYong’s first model under SAIC ownership 2010 SsangYong Kyron 2.7 XDI.JPG
Musso 1993–2005 Replaced by the Kyron SsangYong Musso front 20080320.jpg
Korando Family 1988–1995 Based on the Isuzu Trooper Ssangyong Korando Family RX 2.6i 1994 (41986297941).jpg
Pickup trucks
Musso Sports 2002–2005 Replaced by the Actyon Sports 2006 SsangYong Musso Sports utility (2015-07-03) 01.jpg
Actyon Sports 2006–2018 Replaced the Musso Sports; also known as Korando Sports from 2012 Actyon sports 2012.jpg
Vans
Istana 1995–2003 Licensed copy of the Mercedes-Benz MB100 Mercedes-Benz MB140D in Bangkok.jpg
Rodius/Stavic 2004–2019 Also known as Korando Turismo in South Korea. 00 ssangyong korandoturismo 1.jpg
Luxury cars
Chairman W 2008–2017 Was sold alongside the Chairman H 20111014 ssangyong new chairman w 1.jpg
Chairman H 1997–2014 Based on the Mercedes-Benz E-Class (W210) Ssangyong Chairman -- Korea.jpg
Kallista 1992 Rebadged Panther Kallista Panther Kallista white.jpg
Trucks and Buses
DA Truck Based on Nissan Diesel Truck
SY Truck Based on Mercedes-Benz trucks Ssangyong truck.JPG
Transstar Based on Mercedes-Benz buses SsangYong SB85M Transstar.JPG

See also[edit]

  • Mahindra Group

References[edit]

  1. ^ a b c d Annual Report 2013. Korean Automobile Industry (PDF). Korea Automobile Manufacturers Association. ISBN 978-89-8056-042-4. Archived from the original (PDF) on 22 August 2013. Retrieved 21 August 2013.
  2. ^ a b c d e «2012 Consolidated Financial Statements» (PDF). SsangYong Motor. Retrieved 22 August 2013.
  3. ^ «Ssangyong Motors». www.smotor.com. Archived from the original on 14 April 2009.
  4. ^ Dastidar, Surajit Ghosh (2011). «Mahindra and Mahindra’s Acquisition of SsangYong Motor Company» (PDF). Vidwat Journal. EBSCO Publishing. 4 (2): 31–38. ISSN 0975-055X. Retrieved 22 August 2013.[permanent dead link]
  5. ^ «SsangYong Motor». www.ssangyong.by. Retrieved 19 September 2018.
  6. ^ «SsangYong — República Dominicana — Avelino Abreu SAS». Retrieved 19 September 2018.
  7. ^ 지프 하나로 아·중동공략…130배 신장 [Jeeps exports surge in the Middle East, 130 times more]. article.joins.com (in Korean). JoongAng Ilbo. 25 November 1981. Retrieved 17 March 2018.
  8. ^ Kim, Joon (22 March 2015). 신진차 ‘지프’가 국내 첫 SUV… 현대차 ‘싼타페’로 열풍 선도 [Shinjin Motors’ Jeep is Korea’s first SUV, leading to Hyundai Santa Fe]. biz.khan.co.kr (in Korean). The Kyunghyang Shinmun. Retrieved 17 March 2018.
  9. ^ a b 아재차 히스토리 — 코란도(korando)편 [History again — History of Korando]. Encar Magazine (in Korean). Archived from the original on 29 June 2020. Retrieved 17 March 2018 – via Magazine.kakao.com.
  10. ^ a b «Ssangyong Motors». www.smotor.com. Archived from the original on 29 December 2008.
  11. ^ «Musso-Mercedes match was a rocky road — www.drive.com.au». Drive.com.au. 18 May 2000. Retrieved 19 September 2009.
  12. ^ David Morley (18 May 2000). «Musso-Mercedes match was a rocky road». Fairfax Media. Retrieved 21 March 2011.
  13. ^ Jonathan Hawley (4 July 2004). «Old-fashioned values». Fairfax Media. Retrieved 21 March 2011.
  14. ^ Bruce Newton (10 May 2005). «SsangYong Chairman CM600S». Fairfax Media. Retrieved 21 March 2011.
  15. ^ Bruce Newton (31 May 2006). «SsangYong Kyron». Fairfax Media. Retrieved 21 March 2011.
  16. ^ a b «Ssangyong Motor ends seven-week strike». Financial Times. 31 August 2006. Archived from the original on 10 December 2022. Retrieved 16 October 2021.
  17. ^ «Article from». MarketWatch. 9 January 2009. Retrieved 25 February 2011.
  18. ^ a b «Ssangyong Motor Closes Main Factory Due to Strike». koreatimes. 31 May 2009. Retrieved 16 October 2021.
  19. ^ a b «IndustriALL and UAW demand justice for Ssangyong workers». IndustriALL. 10 October 2012. Retrieved 16 October 2021.
  20. ^ «Ssangyong Motors workers on strike in South Korea». The Guardian. 4 August 2009. ISSN 0261-3077. Retrieved 16 October 2021.
  21. ^ «INSIDE JoongAng Daily». Joongangdaily.joins.com. 14 August 2009. Archived from the original on 21 October 2010. Retrieved 27 September 2009.
  22. ^ «S.Korea Co Ssangyong Motor Awaits Key Ruling On Turnaround Plan». TradingMarkets.com. Retrieved 25 February 2011.[permanent dead link]
  23. ^ Sebastian Blanco (12 October 2009). «REPORT: SAIC stole hybrid technology, says Ssangyong». Autoblog Green. Retrieved 21 March 2011.
  24. ^ «‘먹튀 논란’ 상하이車 반박 «쌍용車 주장 근거없어» — 아시아경제». Asiae.co.kr. 16 January 2009. Retrieved 25 February 2011.
  25. ^ «쌍용차 기술, 中상하이차로 유출 : : 뉴스 : 동아닷컴». News.donga.com. 12 November 2009. Retrieved 25 February 2011.
  26. ^ «INSIDE JoongAng Daily». Joongangdaily.joins.com. 24 March 2010. Retrieved 25 February 2011.
  27. ^ Saefong, Myra P. (8 April 2010). «Asia Follows Wall Street Lower». The Wall Street Journal.
  28. ^ «End of speculation: Mahindra enters the fray for ailing Ssangyong Motor | Indian Cars & Motorcycles Blog». Indiancarsbikes.in. 17 May 2010. Archived from the original on 22 May 2010. Retrieved 25 February 2011.
  29. ^ «Business finance news — currency market news — online UK currency markets — financial news — Interactive Investor». Iii.co.uk. Retrieved 25 February 2011.
  30. ^ «Mahindra chosen preferred bidder for Ssangyong Motors». Sify.com. 12 August 2010. Archived from the original on 11 August 2011. Retrieved 25 February 2011.
  31. ^ Nandini Sen Gupta, TNN, Feb 16, 2011, 12.56am IST (16 February 2011). «M&M seals $470m Ssangyong deal — The Times of India». Timesofindia.indiatimes.com. Retrieved 25 February 2011.{{cite news}}: CS1 maint: multiple names: authors list (link)
  32. ^ «UPDATE: Mahindra Aims To Complete Ssangyong Acquisition In Four Months». The Wall Street Journal. 25 August 2010.[dead link]
  33. ^ «Mahindra reportedly inks deal to buy Ssangyong for $463M». Autoblog. 23 November 2010. Retrieved 23 November 2010.
  34. ^ «SsangYong launches its first compact global SUV Tivoli in Korea». www.mahindra.com. Archived from the original on 21 April 2019. Retrieved 27 January 2019.
  35. ^ «Ssangyong Motor reports first net profits in 9 years». Micro-Ssangyong. 16 February 2017. Retrieved 27 January 2019.
  36. ^ «SsangYong Motor Global Sales Record 143,685 vehicles in 2017». www.mahindra.com. Retrieved 28 December 2018.
  37. ^ GaadiWaadi, Team (11 December 2017). «Mahindra To Help SsangYong In Developing Electrified Vehicles». Gaadiwaadi.com — Car News, Bike News, Reviews. Retrieved 28 December 2018.
  38. ^ «Mahindra-SsangYong ties deepen for new engine, platforms and electric cars». Autocar India. Retrieved 28 December 2018.
  39. ^ «Mahindra’s Korean subsidiary Ssangyong Motor files for bankruptcy». Retrieved 21 December 2020.
  40. ^ 최경애 (22 December 2020). «SsangYong Motor owes hefty overdue debt as it files for court receivership». Yonhap News Agency. Retrieved 26 December 2020.
  41. ^ Posted on October 20, 2021October 22, 2021 (20 October 2021). «SsangYong Set To Be Acquired By Edison Motors». Carscoops. Retrieved 11 April 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  42. ^ «SsangYong sold to Korean EV startup Edison Motors — Autobala». Archived from the original on 21 October 2021. Retrieved 21 October 2021.
  43. ^ «SsangYong to be sold to Korean EV startup Edison Motors».
  44. ^ «Edison Motors Aims to Turn Around SsangYong in 3-5 Years | Be Korea-savvy». Koreabizwire.com. Retrieved 11 April 2022.
  45. ^ «Court OKs Edison’s acquisition of SsangYong». Korea Bizwire. 10 January 2022. Retrieved 12 January 2022.
  46. ^ «SsangYong Motor back on sale as Edison’s acquisition fails». The Investor. 29 March 2022. Retrieved 30 March 2022.
  47. ^ Seo, Jin-woo; Lee, Ha-yeon (22 December 2021). «SsangYong Motor joins forces with BYD to gain power to go electric». Pulse. Retrieved 24 December 2021.
  48. ^ «South Korean Court Picks KG Group Consortium as Final Bidder for SssangYong Motor». www.marketwatch.com. 28 June 2022.
  49. ^ a b «쌍용차 품은 곽재선 회장, KG색깔 어떻게 입힐까» [Kwak Jae-sun takes on SsangYong Motor chairmanship as well as KG’s]. Newdaily. 1 September 2022. Retrieved 2 September 2022.
  50. ^ «Regulator approves SsangYong takeover by KG Group». Just Auto. 24 August 2022. Retrieved 2 September 2022.
  51. ^ «Bankruptcy court approves Ssangyong rehabilitation plan». Just Auto. 1 September 2022. Retrieved 2 September 2022.
  52. ^ Lee, Sang-hyun (31 October 2022). «쌍용차, 서울회생법원에 회생절차 종결 신청» [Ssangyong Motor applies for termination of receivership with the Seoul Bankruptcy Court]. Daily Impact. Retrieved 31 October 2022.
  53. ^ Choi, Seong-hook (11 November 2022). «쌍용자동차 19개월 만에 회생절차 종결» [Ssangyong Motor Company’s receivership ends after nineteen months]. Seoul Economic Daily. Retrieved 12 November 2022.
  54. ^ Park, Seong-ho (22 December 2022). ««쌍용차 역사 빼고 다 바꾼다»…36년 만에 ‘KG 모빌리티’로 재탄생» [«We will change everything, except for Ssangyong Motor’s history». To be reborn as ‘KG Mobility’ after 36 years]. EBN. Retrieved 22 December 2022.
  55. ^ «SsangYong to change Name To KG Mobility because of ‘painful image’«. Motor1.com. 4 January 2023.
  56. ^ «SsangYong Motor To Be Renamed To KG Mobility». Carscoops. 4 January 2023.
  57. ^ Batchelor, James (24 December 2014). «SsangYong reveals Tivoli small SUV in production form». Auto Express. Retrieved 25 February 2015.

External links[edit]

Wikimedia Commons has media related to SsangYong.

  • Official website Edit this at Wikidata

SsangYong Motor Company

Ssangyong company logo.svg
SY sign.jpg

Native name

 쌍용자동차 주식회사
Type Public

Traded as

 KRX: 003620
Industry Automotive
Founded 4 March 1954; 68 years ago[1]
Headquarters Pyeongtaek, Gyeonggi-do, South Korea

Area served

 Worldwide

Key people
  • Kwak Jae-sun (Chairman)
  • Jeong Yong-won (President and CEO)
Products Automobiles and commercial vehicles

Production output

 Increase 119,142 (2012)[1]
Revenue Decrease ₩2.874 trillion (2012)[1][2]

Operating income

 Increase −₩98.12 billion (2012)[2]

Net income

 Increase −₩105.93 billion (2012)[2]
Total assets Increase ₩1.85 trillion (2012)[2]
Total equity Decrease ₩800.66 billion (2012)[2]

Number of employees

 4,365 (2012)[1]
Parent KG Group
Website smotor.com

The SsangYong Motor Company (Korean: 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the chaebol SsangYong Group. SsangYong Motor was then acquired by Daewoo Motors, SAIC Motor, and then Mahindra & Mahindra. In 2022, the company was acquired by the KG Group. The SsangYong name is planned to be dropped by the company in March 2023.

The company main focus is sport utility vehicles (SUVs) and crossover SUVs and it is preparing for transitioning to electric cars.

History[edit]

Dong-A Motor (1954–1987)[edit]

SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co.[3][4] (Korean: 하동환자동차공업주식회사). In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks and buses. Beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor (Korean: 동아자동차공업주식회사) in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986.[5][6]

Gallery[edit]

  • Dong-A DA 30 with Ha Dong-hwan body

    Dong-A DA 30 with Ha Dong-hwan body

  • Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

    Firetrucks produced by SsangYong and its predecessor, Dong-A Motor

  • Ha Dong-hwan bus on the right

    Ha Dong-hwan bus on the right

Keohwa (1981–1984)[edit]

Keohwa, Ltd. (Korean: 주식회사 거화; RR: Jusighoesa Geohwa) was a South Korean assembler of Jeeps under licence, mainly for export markets.[7] Its predecessor was the Jeep assembly joint venture of Shinjin Motors and American Motor Corporation (AMC), established in 1974.[8][9] It was spun off as an independent company in 1981, after AMC left the venture and retired the permission to use the Jeep trade mark. In 1983, Jeeps from Keohwa started to be named as «Korando».[9] In 1984, Keohwa was acquired by the predecessor of SsangYong Motor, Dong-A Motor.

SsangYong Motors (1986–present)[edit]

After Dong-A Motor was taken over by SsangYong Business Group, Dong-A Motor changed its name to SsangYong Motor in 1988.[10] In 1987, it acquired United Kingdom-based specialty car maker Panther Westwinds.[10]

In 1991, SsangYong started a technology partnership with Daimler-Benz. The deal was for SsangYong to develop a sport utility vehicle (SUV) with Mercedes-Benz technology. This was supposedly to allow SsangYong to gain footholds in new markets without having to build their own infrastructure (utilizing existing Mercedes-Benz networks) while giving Mercedes a competitor in the then-booming SUV market.[11] This resulted in the Musso, which was sold first by Mercedes-Benz and later by SsangYong.[12]

SsangYong further benefited from this alliance, long after Daimler-Benz stopped selling the Musso, producing a badge engineered version of the Mercedes-Benz MB100, the Istana and using Daimler designs in many other models, including the second-generation Korando (engine and transmission), the Rexton (transmission),[13] the Chairman H (chassis and transmission)[14] and the Kyron (transmission).[15]

Takeover by Daewoo Motors and SAIC[edit]

In 1997, Daewoo Motors, now GM Korea, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company. In July — August 2006, workers went on strike for 7 weeks to protest SAIC’s plans to lay off 554 employees.[16] The strike cost SsangYong 380 billion Won and negotiations ended with workers accepting a wage freeze.[16]

SsangYong’s hybrid technology.

In January 2009, after recording a $75.42 million loss, the company was put into receivership. This may have been due to the global economic crisis and shrinking demand.[17] In response to management’s plan to cut 2,600 jobs, a third of the workforce, workers at Ssangyong’s main factory stopped work and barricaded themselves inside in protest.[18] One elderly worker died from a cerebral hemorrhage within the first 12 days.[18] The strikes grew violent after water, food, electricity, and medicine were withheld from the strikers and police surrounded the building.[19] Strikers threw Molotov cocktails at police[20] while police used electroshock weapons and allegedly dropped corrosive chemicals on the strikers.[19] On August 14, 2009, worker strikes finished at the SsangYong factory and production commenced again after 77 days of disruption.[21] Company employees and analysts have also blamed SAIC for stealing technology related to hybrid vehicles from the company and failing to live up to its promise of continued investment.[22][23] SAIC denied allegations of technology theft by the company’s employees.[24] However, SAIC was charged by the South Korean prosecutor’s office for violating company regulations and the South Korean law when it ordered and carried out the transfer of SsangYong’s proprietary technology developed with South Korean government funding over to SAIC researchers.[25]

In 2010, Daewoo Motor Sales was dropped by General Motors. The long-time dealership partner then signed a deal with the SsangYong Motor Company to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of ₩20,000,000,000 ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong will also sell vehicles through private dealers.[26]

Takeover by Mahindra Automotive[edit]

The Tivoli was SsangYong’s first new model under Mahindra & Mahindra ownership

SsangYong’s Rexton Sports pick-up

In April 2010, the company released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%.[27] The companies were later revealed to be Mahindra & Mahindra, Ruia Group, SM Aluminum, Seoul Investments and French-owned Renault Samsung Motors of South Korea.[28][29] In August 2010, Mahindra & Mahindra Limited was chosen as the preferred bidder for SsangYong.[30] The acquisition was completed in February 2011[31][32] and cost Mahindra US$463.6 million.[33]

In 2015, SsangYong launched the Tivoli, its first car after Mahindra acquisition.[34] Within a year of Tivoli’s launch, the company reported its first net profit in 9 years.[35] In 2017, SsangYong sold 106,677 units in domestic sales and 37,008 units in exports, setting a record high in 14 years since 2003, when its annual domestic sales stood at 131,283 units. Out of this, the Tivoli alone contributed over 50,000 units of domestic sales for the company.[36] Mahindra XUV300, which was later launched in 2019 is built on Tivoli’s platform, sharing many parts including several metal sheets.

Mahindra also worked with its SsangYong subsidiary to introduce high performance electric vehicles in South Korea for mass-market sales.[37] Mahindra and SsangYong increased their collaboration on engines and electric cars.[38]

On 21 December 2020, SsangYong Motor filed for receivership after Mahindra cut funding to SsangYong due to its outstanding debt.[39] Ssang Yong Motor spokesperson stated that the company owes a total of 315.3 billion won (US$285 million) in overdue debt to financial institutions.[40]

Failed takeover by Edison Motors[edit]

In October 2021, it was reported that SsangYong was set to be acquired by electric bus and truck maker Edison Motors which would lead to SsangYong exiting receivership. Edison Motors planned to introduce SsangYong vehicles into the United States, Mexico, and Canada markets by the mid-2020s. Edison Motors also intended to phase-out production and new car sales of fossil fuel-powered SsangYong vehicles by 2030, in favor of producing and selling only electric-powered vehicles by the latter, if acquired.[41][42][43][44] In January 2022, the South Korean courts «approved» Edison Motors’ acquisition plan, although the company would be kept in receivership until the transaction were completed.[45] In March 2022, SsangYong said the Edison Motors takeover was cancelled as the latter failed making acquisition payments for that month.[46]

In December 2021, SsangYong signed an agreement with the Chinese BYD Auto to co-develop battery systems for its first electric car (called U100) which would be launched in 2023.[47]

Takeover by the KG Group[edit]

In June 2022, the Seoul Bankruptcy Court opted for a consortium (KG Mobility) led by the KG Group as the final bidder to take over SsangYong Motor. The consortium planned to pay 900 billion won ($699.5 million) for SsangYong.[48] In August 2022, South Korea’s Free Trade Commission approved KG Group acquisition of a 61% majority stake in SsangYong through the consortium.[49][50] The acquisition payments were completed later that month. In September 2022, the Seoul Bankruptcy Court agreed to SsangYong’s receivership exit plan, including issuing new shares in order to pay the creditors.[51] The KG Group was set to start the process to exit SsangYong’s receivership in early October and finish the acquisition process on (or before) 14 October, the SsangYong sale deadline.
There also are plans to rename SsangYong.[49] After delays, the consortium started the receivership exit procedures on 31 October by requesting the receivership termination to the Seoul Bankruptcy Court.[52] The Court approved the receivership exit on 11 November, finalising the consortium’s acquisition.[53]

In December 2022, SsangYong’s chairman Kwak Jae-sun said it plans to remove the «SsangYong» name entirely in March 2023 by modifying the articles of association. The company is set to be renamed as «KG Mobility», adopting a new branding and using KG as its marque, to avoid the negative perception of the present name,[54] bypassing its «painful image».[55][56]

Facilities[edit]

Offices[edit]

  • SsangYoung Head Office — The Head office located in Pyeongtaek, South Korea. R&D Centre, Design Centre, and other departments are located in the Pyeongtaek office
  • Seoul Office — Department under Head office is located in Yeoksam-dong, Seoul

Factories[edit]

  • Pyeongtaek Plant (South Korea) — Main factory. Produces a complete range.
  • Changwon Plant (South Korea) — Engine and parts factory.

Current model lineup[edit]

Name Production Notes Image
SUVs
Rexton 2001–present 2nd generation (Y400); also known as G4 Rexton in some market or Mahindra Alturas G4 in India SsangYong Rexton Y450 front.jpg
Tivoli 2015–present SsangYong’s first new model under Mahindra & Mahindra ownership[57] 2020 SsangYong Tivoli FL Front.jpg
XLV 2016–present Extended version of the Tivoli; also known as Tivoli Air in South Korea. 2016-03-01 Geneva Motor Show 1262.JPG
Torres 2022–present SsangYong’s first mid-sized SUV in South Korea. SsangYong Torres T7 1.5 T-GDI J100 Forrest Green (4).jpg
Korando 1983–2006,
2010–present 		Replaced by the Actyon, revived in late 2010, replaced by the C300 in 2019 SsangYong Korando, GIMS 2019, Le Grand-Saconnex (GIMS1297).jpg
Pickup trucks
Musso (Pickup) 2018–present Replaced the Actyon Sports; also known as Rexton Sports in South Korea 2018 Ssangyong Musso Saracen Automatic 2.2 Front.jpg

Former model lineup[edit]

Name Production Notes Image
SUVs
Actyon 2006–2016 Replaced the old Korando SsangYong Actyon facelift 01 Auto China 2014-04-23.jpg
Kyron 2005–2014 SsangYong’s first model under SAIC ownership 2010 SsangYong Kyron 2.7 XDI.JPG
Musso 1993–2005 Replaced by the Kyron SsangYong Musso front 20080320.jpg
Korando Family 1988–1995 Based on the Isuzu Trooper Ssangyong Korando Family RX 2.6i 1994 (41986297941).jpg
Pickup trucks
Musso Sports 2002–2005 Replaced by the Actyon Sports 2006 SsangYong Musso Sports utility (2015-07-03) 01.jpg
Actyon Sports 2006–2018 Replaced the Musso Sports; also known as Korando Sports from 2012 Actyon sports 2012.jpg
Vans
Istana 1995–2003 Licensed copy of the Mercedes-Benz MB100 Mercedes-Benz MB140D in Bangkok.jpg
Rodius/Stavic 2004–2019 Also known as Korando Turismo in South Korea. 00 ssangyong korandoturismo 1.jpg
Luxury cars
Chairman W 2008–2017 Was sold alongside the Chairman H 20111014 ssangyong new chairman w 1.jpg
Chairman H 1997–2014 Based on the Mercedes-Benz E-Class (W210) Ssangyong Chairman -- Korea.jpg
Kallista 1992 Rebadged Panther Kallista Panther Kallista white.jpg
Trucks and Buses
DA Truck Based on Nissan Diesel Truck
SY Truck Based on Mercedes-Benz trucks Ssangyong truck.JPG
Transstar Based on Mercedes-Benz buses SsangYong SB85M Transstar.JPG

See also[edit]

  • Mahindra Group

References[edit]

  1. ^ a b c d Annual Report 2013. Korean Automobile Industry (PDF). Korea Automobile Manufacturers Association. ISBN 978-89-8056-042-4. Archived from the original (PDF) on 22 August 2013. Retrieved 21 August 2013.
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  8. ^ Kim, Joon (22 March 2015). 신진차 ‘지프’가 국내 첫 SUV… 현대차 ‘싼타페’로 열풍 선도 [Shinjin Motors’ Jeep is Korea’s first SUV, leading to Hyundai Santa Fe]. biz.khan.co.kr (in Korean). The Kyunghyang Shinmun. Retrieved 17 March 2018.
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  25. ^ «쌍용차 기술, 中상하이차로 유출 : : 뉴스 : 동아닷컴». News.donga.com. 12 November 2009. Retrieved 25 February 2011.
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  29. ^ «Business finance news — currency market news — online UK currency markets — financial news — Interactive Investor». Iii.co.uk. Retrieved 25 February 2011.
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  31. ^ Nandini Sen Gupta, TNN, Feb 16, 2011, 12.56am IST (16 February 2011). «M&M seals $470m Ssangyong deal — The Times of India». Timesofindia.indiatimes.com. Retrieved 25 February 2011.{{cite news}}: CS1 maint: multiple names: authors list (link)
  32. ^ «UPDATE: Mahindra Aims To Complete Ssangyong Acquisition In Four Months». The Wall Street Journal. 25 August 2010.[dead link]
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  34. ^ «SsangYong launches its first compact global SUV Tivoli in Korea». www.mahindra.com. Archived from the original on 21 April 2019. Retrieved 27 January 2019.
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  37. ^ GaadiWaadi, Team (11 December 2017). «Mahindra To Help SsangYong In Developing Electrified Vehicles». Gaadiwaadi.com — Car News, Bike News, Reviews. Retrieved 28 December 2018.
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  40. ^ 최경애 (22 December 2020). «SsangYong Motor owes hefty overdue debt as it files for court receivership». Yonhap News Agency. Retrieved 26 December 2020.
  41. ^ Posted on October 20, 2021October 22, 2021 (20 October 2021). «SsangYong Set To Be Acquired By Edison Motors». Carscoops. Retrieved 11 April 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  42. ^ «SsangYong sold to Korean EV startup Edison Motors — Autobala». Archived from the original on 21 October 2021. Retrieved 21 October 2021.
  43. ^ «SsangYong to be sold to Korean EV startup Edison Motors».
  44. ^ «Edison Motors Aims to Turn Around SsangYong in 3-5 Years | Be Korea-savvy». Koreabizwire.com. Retrieved 11 April 2022.
  45. ^ «Court OKs Edison’s acquisition of SsangYong». Korea Bizwire. 10 January 2022. Retrieved 12 January 2022.
  46. ^ «SsangYong Motor back on sale as Edison’s acquisition fails». The Investor. 29 March 2022. Retrieved 30 March 2022.
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  48. ^ «South Korean Court Picks KG Group Consortium as Final Bidder for SssangYong Motor». www.marketwatch.com. 28 June 2022.
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  50. ^ «Regulator approves SsangYong takeover by KG Group». Just Auto. 24 August 2022. Retrieved 2 September 2022.
  51. ^ «Bankruptcy court approves Ssangyong rehabilitation plan». Just Auto. 1 September 2022. Retrieved 2 September 2022.
  52. ^ Lee, Sang-hyun (31 October 2022). «쌍용차, 서울회생법원에 회생절차 종결 신청» [Ssangyong Motor applies for termination of receivership with the Seoul Bankruptcy Court]. Daily Impact. Retrieved 31 October 2022.
  53. ^ Choi, Seong-hook (11 November 2022). «쌍용자동차 19개월 만에 회생절차 종결» [Ssangyong Motor Company’s receivership ends after nineteen months]. Seoul Economic Daily. Retrieved 12 November 2022.
  54. ^ Park, Seong-ho (22 December 2022). ««쌍용차 역사 빼고 다 바꾼다»…36년 만에 ‘KG 모빌리티’로 재탄생» [«We will change everything, except for Ssangyong Motor’s history». To be reborn as ‘KG Mobility’ after 36 years]. EBN. Retrieved 22 December 2022.
  55. ^ «SsangYong to change Name To KG Mobility because of ‘painful image’«. Motor1.com. 4 January 2023.
  56. ^ «SsangYong Motor To Be Renamed To KG Mobility». Carscoops. 4 January 2023.
  57. ^ Batchelor, James (24 December 2014). «SsangYong reveals Tivoli small SUV in production form». Auto Express. Retrieved 25 February 2015.

External links[edit]

Wikimedia Commons has media related to SsangYong.

  • Official website Edit this at Wikidata


На основании Вашего запроса эти примеры могут содержать грубую лексику.


На основании Вашего запроса эти примеры могут содержать разговорную лексику.


SsangYong объявил о своем широкомасштабном плане электрификации на будущее, включая разработку совершенно новой платформы для электромобилей.



SsangYong has announced large-scale electrification plans, including the development of a completely new platform for electric vehicles, which is scheduled…


Последняя действительно ищет площадку для производства автомобилей SsangYong.



The last really looking for a site for the production of SsangYong cars.


Вы ищете запасные части для своего SSANGYONG?



Are you looking to sell your Ssangyong?


Данная новинка разрабатывалась в сотрудничестве с SsangYong.



It’s said that the new platform will be developed in cooperation with Ssangyong.


В этой статье мы рассмотрим ssangyong actyon sports технические характеристики.



In this article we will look at the ssangyong actyon sports specifications.


Цвет наглядное пособие поэтапно показаны все возможные ремонты и техническое обслуживание автомобилей SsangYong.



A color visual aid in a phased manner illustrates all possible repairs and maintenance work on SSANGYONG vehicles.


SsangYong — корейский автомобильный концерн, запустивший производство в 1954 году.



SsangYong is Korea’s oldest automobile producer, originally ramping up production in 1954.


При этом официально SsangYong по-прежнему сохраняет присутствие на российском рынке.



At the same time, SsangYong officially still keeps a presence in the Russian market.


Ранее Россия считалась крупнейшим рынком сбыта для SsangYong.



Russia is conventionally considered to be the main export place for Ssangyong.


В начале 2000-х корейская фирма SsangYong решила разбавить свою модельную линейку внедорожников минивэном.



In the early 2000s, the Korean firm SsangYong has decided to dilute its range of SUVs with a minivan.


Обновленный SsangYong Actyon получил стильный кузов, который выделяется на фоне «одноклассников».



Updated SsangYong Actyon received a stylish exterior that stands out on the background of «classmates».


Технически, он был основан на слегка вытянутом шасси SsangYong Musso.



Technically, it is based on a slightly extended chassis of the SsangYong Musso.


Понятно, что SsangYong Rexton W не хочет уступать более дорогим конкурентам.



It becomes obvious that the inner shell of SsangYong Rexton W does not want to yield to more expensive rivals.


SsangYong Rexton 2013 выпускается на раме лонжеронного типа трехслойной конструкции.



SsangYong Rexton 2013 is produced on the frame of the spar type of a three-layer structure.


В 1988 году SsangYong Motor достигла пика своего финансового состояния.



In 1988, SsangYong Motor was at a peak of its financial health.


Внешность SsangYong Istana значительно отличается от своего немецкого собрата, однако сохранил родственные с ним черты.



The appearance of SsangYong Istana is significantly different from its German counterpart, however, it retained its sister features.


Хан был одним из организаторов профсоюза Ssangyong Motor.



Han was one of the founding organizers of the union at Ssangyong Motor.


Автомобиль является гибридной версией традиционного кроссовера SsangYong Actyon.



The car is a hybrid version of the traditional crossover SsangYong Actyon.


Новый кроссовер SsangYong Korando станет первой моделью автопроизводителя предлагающей полностью электрический вариант.



SsangYong’s new Korando SUV will be the automaker’s first model to offer a full-electric variant.


Новый кроссовер SsangYong Korando станет первой моделью автопроизводителя предлагающей полностью электрический вариант.



The new SUV SsangYong Korando will be the first automaker to offer a fully electric version.

Ничего не найдено для этого значения.

Результатов: 589. Точных совпадений: 589. Затраченное время: 76 мс

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Корпоративные решения

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Справка и о нас

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Индекс выражения: 1-400, 401-800, 801-1200

Индекс фразы: 1-400, 401-800, 801-1200

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Ssangyong: перевод, синонимы, произношение, примеры предложений, антонимы, транскрипция

Произношение и транскрипция

Предложения со словом «Ssangyong»

In reality, it was competing against its domestic rival, the SsangYong Chairman.

На самом деле он конкурировал со своим внутренним конкурентом, председателем SsangYong .

In 1988 SsangYong Motors started licensed production of the Isuzu Trooper and sold it as the Korando Family.

В 1988 году SsangYong Motors начала лицензионное производство Isuzu Trooper и продала его как семейство Korando.

It caused huge conflict between Ssangyong employees and Shanghai Auto as things didn’t go well as planned.

Это вызвало огромный конфликт между сотрудниками Ssangyong и Shanghai Auto, поскольку все пошло не так хорошо, как планировалось.

And the 2008 global economic crisis put Ssangyong on a survival mode, let alone expansion.

А глобальный экономический кризис 2008 года поставил Ssangyong на режим выживания, не говоря уже о расширении.

Словосочетания

Предлагаем Вашему вниманию современный англо-русский и русско-английский словарь EnglishLib, в котором содержиться более 2 000 000 слов и фраз. На этой странице содержится полезная информации о слове «Ssangyong».
А именно, здесь можно найти перевод (значение) «Ssangyong» на русском языке, синонимы, антонимы, краткое определение слова «Ssangyong» , произношение и транскрипцию к слову «Ssangyong». Также, к слову «Ssangyong» представлено грамотно составленные примеры предложений для лучшего восприятия слова в контексте.

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Эмблема SsangYong.jpg

Компания SsangYong Motor Company
70% акций компании SsangYong принадлежать индийской компании Mahindra&Mahindra
Штаб-квартира находится в городе Сеул, Южная Корея.

На протяжении 59 лет своего существования компания SsangYong Motor Company преодолевала множество препятствий, которые помогли бренду приблизиться к лучшему будущему. Основанная в 1954г., корпорация SsangYong на сегодняшний день является ведущим корейским производителем внедорожников в мире.

Компания SsangYong начала свою деятельность с производства автомобилей для коммерческого использования: автобусов, грузовиков, автомобилей специального назначения. С 1980-х гг. компания открыла для себя эру полноприводных внедорожников посредством самостоятельного выпуска автомобилей SsangYong Musso и Korando. В 2000-х гг. SsangYong зарекомендовала себя как ведущий производитель внедорожников, создав полную линейку SUV: премиальный внедорожник SsangYong Rexton, надежный Kyron, городской кроссовер SsangYong Korando и пикап Actyon Sports.
Открыть новые горизонты помог роскошный седан SsangYong Chairman. На внутреннем рынке представительский седан SsangYong стал ведущим в своем классе.
Седан SsangYong оснащен V8 двигателем объемом 5 000см3 и 7-ми ступенчатой автоматической коробкой передач. Chairman W стал национальной флагманской моделью.
Компактный кроссовер New Korando — первый переднеприводный внедорожник SsangYong с несущим кузовом. Автомобиль стал важной вехой для развития компании SsangYong в долгосрочной перспективе, ведь бренд «Korando» является самым долго существующим автомобильным брендом на корейском автомобильном рынке.
Разработка common rail двигателя мирового класса помогла компании SsangYong выйти на новый уровень в отрасли экологичных дизельных двигателей. Компания сконцентрировала свои усилия на повышении своей конкурентоспособности на мировом уровне за счет производства экономичных и экологически чистых eXDi200 двигателей, соответствующих стандарту EURO-5. Дополнительно, в R&D ведется разработка EURO6 двигателя SsangYong.

SsangYong Motor Company придерживается глобального и клиенто-ориентированного менеджмента, что позволяет автопроизводителю расширять свое присутствие на мировом рынке. Компания реализовывает внедорожники более чем через 1 290 точек продаж в 106 странах, и продолжает постоянное развитие в крупнейших регионах и странах мира, таких как Западная Европа, Россия и Южная Америка. Компания также занимает ключевые позиции на развивающихся рынках в Китае, Индии и Бразилии, и растет на новых – в Центральной Америке, Восточной Европе.
В своем стремлении к идеалу, SsangYong Motor наращивает усилия по разработке новых конструкций и технологий, которые позволят добиться еще более высокой эффективности и полноценно отразить образ компании.
Кроме того, твердо опираясь на свои сильные стороны – производство внедорожников, и сотрудничая с Mahindra & Mahindra, SsangYong способен усилить свои позиции конкурентоспособного производителя в сегменте SUV.

«Дистрибьюторский центр СанЙонг»
Официальным представителем и дистрибьютором корейских внедорожников SsangYong в России является компания «ДЦ СанЙонг», входящая в группу СОЛЛЕРС. ОАО «СОЛЛЕРС» — это ведущая российская автомобильная компания, работающая в партнерстве с лидерами мировой автоиндустрии, а также имеющая собственные автомобильные бренды и производственные мощности. Сегодня СОЛЛЕРС занимает лидирующие позиции на российском автомобильном рынке: за 10 лет существования компания представила более пятнадцати новых продуктов, совместно с партнерами создала производственные мощности для выпуска около 550 тысяч автомобилей в год и стала одной из наиболее эффективных компаний в своей отрасли.
Рост популярности внедорожников SsangYong обусловил размещение собственного производства автомобилей на Дальнем Востоке для оптимизации логистики и обеспечения оперативного внедрения всех инноваций корейской компании SsangYong. Новая площадка во Владивостоке СОЛЛЕРС-Дальний Восток позволяет расширить модельный ряд, а также оптимизировать взаимодействие с компанией SsangYong. В данный момент в России производится вся линейка новых моделей полноприводных автомобилей: комфортабельный внедорожник SsangYong Rexton, универсальный внедорожник Kyron, стильный и функциональный пикап Actyon Sports, динамичный кроссовер SsangYong Actyon и внедорожник Stavic, один из самых больших в своем классе.
По итогам работы в 2012 году в третий раз компания признана лучшим дистрибьютором корейских внедорожников SsangYong в мире. В 2012г. в России было продано 31,2тыс. автомобилей.

У официальных дилеров автомобилей SsangYong Вы всегда можете не только купить SsangYong, но и получить полноценное качественное обслуживание.

Модельный ряд:
SsangYong Actyon
SsangYong Actyon Sports
SsangYong Kyron
SsangYong Rexton
Полный модельный ряд →

Читать далее →

Полезная информация:

Горячая линия SsangYong 8-800-100-00-62 (звонок бесплатный)

Официальный сайт компании в России

Назад

Источник


На основании Вашего запроса эти примеры могут содержать грубую лексику.


На основании Вашего запроса эти примеры могут содержать разговорную лексику.


SsangYong объявил о своем широкомасштабном плане электрификации на будущее, включая разработку совершенно новой платформы для электромобилей.



SsangYong has announced large-scale electrification plans, including the development of a completely new platform for electric vehicles, which is scheduled…


Последняя действительно ищет площадку для производства автомобилей SsangYong.



The last really looking for a site for the production of SsangYong cars.


Вы ищете запасные части для своего SSANGYONG?



Are you looking to sell your Ssangyong?


СРЕДИЗЕМНОМОРСКОЕ ПРЕДПРИЯТИЕ В. SSANGYONG CORP.: Толкование слов «вытекающая далее обозначаемый» в качестве арбитражного соглашения Апелляционного суда США по 9 ЦЕПИ (1983)



MEDITERRANEAN ENTERPRISE V. SSANGYONG CORP.: The Interpretation of the Words «Arising Hereunder» in an Arbitration Agreement US Court of Appeals for the 9th CIRCUIT (1983)


Выберите модель автомобиля SSANGYONG из списка



Select the model of the SSANGYONG vehicle from the following list


Данная новинка разрабатывалась в сотрудничестве с SsangYong.



It’s said that the new platform will be developed in cooperation with Ssangyong.


В этой статье мы рассмотрим ssangyong actyon sports технические характеристики.



In this article we will look at the ssangyong actyon sports specifications.


Цвет наглядное пособие поэтапно показаны все возможные ремонты и техническое обслуживание автомобилей SsangYong.



A color visual aid in a phased manner illustrates all possible repairs and maintenance work on SSANGYONG vehicles.


SsangYong — корейский автомобильный концерн, запустивший производство в 1954 году.



SsangYong is Korea’s oldest automobile producer, originally ramping up production in 1954.


При этом официально SsangYong по-прежнему сохраняет присутствие на российском рынке.



At the same time, SsangYong officially still keeps a presence in the Russian market.


Ранее Россия считалась крупнейшим рынком сбыта для SsangYong.



Russia is conventionally considered to be the main export place for Ssangyong.


В начале 2000-х корейская фирма SsangYong решила разбавить свою модельную линейку внедорожников минивэном.



In the early 2000s, the Korean firm SsangYong has decided to dilute its range of SUVs with a minivan.


Обновленный SsangYong Actyon получил стильный кузов, который выделяется на фоне «одноклассников».



Updated SsangYong Actyon received a stylish exterior that stands out on the background of «classmates».


Технически, он был основан на слегка вытянутом шасси SsangYong Musso.



Technically, it is based on a slightly extended chassis of the SsangYong Musso.


Понятно, что SsangYong Rexton W не хочет уступать более дорогим конкурентам.



It becomes obvious that the inner shell of SsangYong Rexton W does not want to yield to more expensive rivals.


SsangYong Rexton 2013 выпускается на раме лонжеронного типа трехслойной конструкции.



SsangYong Rexton 2013 is produced on the frame of the spar type of a three-layer structure.


В 1988 году SsangYong Motor достигла пика своего финансового состояния.



In 1988, SsangYong Motor was at a peak of its financial health.


Внешность SsangYong Istana значительно отличается от своего немецкого собрата, однако сохранил родственные с ним черты.



The appearance of SsangYong Istana is significantly different from its German counterpart, however, it retained its sister features.


Хан был одним из организаторов профсоюза Ssangyong Motor.



Han was one of the founding organizers of the union at Ssangyong Motor.


Автомобиль является гибридной версией традиционного кроссовера SsangYong Actyon.



The car is a hybrid version of the traditional crossover SsangYong Actyon.

Ничего не найдено для этого значения.

Результатов: 589. Точных совпадений: 589. Затраченное время: 90 мс

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Корпоративные решения

Спряжение

Синонимы

Корректор

Справка и о нас

Индекс слова: 1-300, 301-600, 601-900

Индекс выражения: 1-400, 401-800, 801-1200

Индекс фразы: 1-400, 401-800, 801-1200

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Источник
SsangYong Motor Company

логотип
законная форма Корпорация
В KR7003620002
основание 1954 г.
Сиденье Сеул , Южная КореяЮжная Корея 
управление Джонг-Сик Чой , президент и генеральный директор

Паван Кумар Гоенка , председатель наблюдательного совета

Ветка Производство автомобилей
Веб-сайт www.ssangyong.de
Корейское правописание
Корейский алфавит : 쌍용 자동차
Ханджа : 雙龍 自動 車
Пересмотренная романизация : ssangyong jadongcha
МакКьюн-Райшауэр : ssangyong chatongch’a

SsangYong Motor ( кор. Ssangyong — твин-дракон) — четвертый по величине производитель автомобилей в Южной Корее . С 2011 года контрольный пакет акций принадлежит индийской Mahindra & Mahindra Limited .

История компании

Председатель наблюдательного совета Паван Гоенка и генеральный директор Джонг-Сик Чой на выставке IAA 2017

Компания была основана в январе 1954 года как Ha Dong-hwan Motor Workshop , которая производила джипы для армии США . В 1963 году эта компания объединилась с Dongbang Motor Co., Ltd., основанной в 1962 году . в Ha Dong-Hwan Motor Co., Ltd . Экспортный бизнес начался в 1966 году с автобуса «H7H R-66».

Источник утверждает, что с 1954 по 1988 год торговая марка была Dong-A . Другой источник упоминает более ранние торговые марки как Ha Dong-hwan с 1954 по 1977 год и Dong-A с 1977 по 1988 год.

Shinjin Motor Co. (не следует путать с Shinjin двигателями ) , основанный в 1974 году с АМС , СП Shinjin Jeep двигателем , 1979 Shinjin Motor Co. и переименован в 1981 году до Geohwa Co. был. Эта компания была объединена с Dong-A в 1985 году.

С 1976 года Ха Донг-хван строил специальные автомобили. В 1977 году компания была переименована в Dong-A Motor . В 1983 году название модели Korando было заменено на джипы Shinjin. В ноябре 1986 года к компании присоединилась группа SsangYong, поглотившая британского производителя специальных автомобилей Panther Westwinds и снова изменив название компании на SsangYong Motor .

В 1991 году было заключено соглашение о технологическом партнерстве с Daimler-Benz , которое было расширено посредством различных соглашений и привело к приобретению 5% акций в январе 1993 года. Были договоренности о разработке фургонов (февраль 1991 г.), бензиновых двигателей (октябрь 1992 г.), легковых автомобилей (февраль 1993 г.) и дизельных двигателей (ноябрь 1993 г.).

В 1997 году Daewoo Motors, наконец, выкупила контрольный пакет акций компании, в результате чего автомобили SsangYong и, соответственно, реплики Mercedes-Benz были предложены как идентичные модели под торговой маркой Daewoo ( Badge Engineering ). Daewoo уже продала SsangYong в 2000 году, потому что конгломерат ( корейский: Jaebeol ) сам столкнулся с финансовыми проблемами. В конце октября 2004 года китайский производитель автомобилей SAIC ( Shanghai Automotive Industry Corporation ) наконец приобрел 48,9% акций SsangYong Motors Company .

9 января 2009 года Окружной суд Сеула подал заявление о защите компании SsangYong от банкротства . Четыре дня спустя производство было временно остановлено, поскольку компания больше не могла платить поставщикам из-за проблем с ликвидностью. Однако 5 февраля производство на заводах в Пхёнтхэке и Чханвоне возобновилось.

Компания Mahindra & Mahindra Limited из Индии 23 августа 2010 г. объявила о подписании меморандума о взаимопонимании по приобретению контрольного пакета акций SsangYong Motor Company. Сделка была завершена в феврале 2011 года.

21 декабря 2020 года Ssangyong подала заявление о банкротстве.

См. Также: Хронология корейских марок автомобилей

Модели

Хронология моделей SsangYong с 1983 года
Тип независимо Daewoo Group независимо SAIC M&M
1980-е годы 1990-е 2000-е 2010-е 2020-е годы
3 4-й 5 6-е 7-е 8-е 9 0 1 2 3 4-й 5 6-е 7-е 8-е 9 0 1 2 3 4-й 5 6-е 7-е 8-е 9 0 1 2 3 4-й 5 6-е 7-е 8-е 9 0 1
Высшее общество Председатель (CM / H) Daewoo Logo.svg Председатель (W) Roewe-Logo.png
Ван Родий I Родий II
Компактный внедорожник Тиволи
XLV
Актион / Корандо / Трейди Korando C / New Actyon Korando C
Внедорожник Musso Daewoo Logo.svg Кайрон Roewe-Logo.png
Рекстон Рекстон (клавиша W) Rexton (Y400)
Подбирать Musso Sports Actyon Sports Musso
Внедорожник Корандо (K4 / K6 / K9) Корандо (E / KJ) Daewoo Logo.svg
Корандо (Семья)
Родстер Каллиста
маршрутка Истана Daewoo Logo.svg
  • Джип построен по лицензии
  • Isuzu продается как SsangYong (инженерный значок)
  • Реплика пантеры
  • Технический альянс и участие Mercedes-Benz

    • Daewoo Logo.svg: также иногда как Daewoo (для Южной Кореи)

    с 2006 также как Pyeonghwa (для Северной Кореи)

    Roewe-Logo.png: также как или основа для Roewe , автомобильного бренда SAIC (для Китая)

    время строительства модельный ряд аннотация картина

    Внедорожник / внедорожник
    с 2006 года SsangYong Actyon
    SsangYong Korando
    SsangYong Korando CT     		заменяет Korando SsangYong Actyon передняя 20080303.jpg
    с 2006 года SsangYong Actyon Sports
    SsangYong Korando Sports
    SsangYong Tradie     		заменяет Musso Sports SsangYong Actyon Sports.JPG
    1997-2006 гг.
    С 2010 г.     		SsangYong Korando
    SsangYong New Actyon     		 Ssangyong Korando (4 поколение) IMG 3084.jpg
    с 2005 года SsangYong Kyron заменяет Musso SsangYong Kyron Facelift.JPG
    1993-2005 гг. SsangYong Musso
    SsangYong Musso Libero     		SsangYong Musso передняя 20080320.jpg
    SsangYong Musso Sports SsangYong Musso Sports 290S 1.jpg
    с 2001 SsangYong Rexton Ssangyong Rexton Monrepos 2019 IMG 1882.jpg
    с 2015 SsangYong Tivoli 2020 SsangYong Tivoli IMG 3087.jpg

    Ван
    2003-2019 SsangYong Rodius
    SsangYong Stavic     		SSangyong Rodius.jpg
    SsangYong Istana На базе Mercedes-Benz MB 100 SsangYong Istana.jpg

    Высшее общество
    1997-2017 Председатель правления SsangYong На базе Mercedes-Benz W 210 Председатель правления Ssangyong - Korea.jpg

    автобусов

    • Транстар

    грузовик

    • SY 691

    Концептуальные автомобили

    веб ссылки

    • SsangYong Motor Company, с историей компании
    • SsangYong Motors Germany GmbH
    • Отдел новостей SsangYong Motors Deutschland GmbH
    • SsangYong Switzerland AG
    • SsangYong на сайте KBS World

    Индивидуальные доказательства

    1. ↑ a b Нандини Сен Гупта: M&M подписывает сделку с Ssangyong на 470 миллионов долларов . Times of India , 16 февраля 2011 г., англ. Проверено 1 октября 2012 года.
    2. ↑ История компании SsangYong (английский)
    3. ↑ Харальд Х. Линц, Халварт Шрейдер : Международная автомобильная энциклопедия . United Soft Media Verlag, Мюнхен 2008, ISBN 978-3-8032-9876-8 , глава Dong-A.
    4. ↑ d’Auto to Ha Dong-hwan (голландский, по состоянию на 27 декабря 2015 г.)
    5. ↑ D’Auto to Dong-A (голландский, по состоянию на 27 декабря 2015 г.)
    6. ↑ Jimmyn Parc: Эклектичный подход к усилению конкурентных преимуществ стран: анализ факторов успеха экономик Восточной Азии с акцентом на развитие o. In: theses.fr. 17 июня 2014 г., по состоянию на 6 апреля 2018 г. (французский).
    7. ↑ Корейская дочерняя компания Mahindra, Ssangyong Motor, объявила о банкротстве. В: business-standard.com. 21 декабря 2020, доступ к 21 декабря 2020 .

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    Последнее обновление: 2018-02-21


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    Последнее обновление: 2018-02-21


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    Английский

    ssangyong korando

    Русский

    ssangyong korando

    Последнее обновление: 2014-06-21


    Частота использования: 1
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    Источник:

    Английский

    ssangyong-chairman

    Русский

    ssangyong-chairman

    Последнее обновление: 2018-02-21


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    Источник: Wikipedia

    Английский

    ssangyong :: top cars ::

    Русский

    ssangyong :: top cars ::

    Последнее обновление: 2018-02-21


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    Источник: Wikipedia

    Английский

    the name ssangyong means double dragons.

    Русский

    Название ssangyong означает «два дракона».

    Последнее обновление: 2016-03-03


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    Источник: Wikipedia

    Английский

    it assembled approximately 13,000 korean ssangyong vehicles in 2010.

    Русский

    В 2010 году он собрал приблизительно 13 000 корейских автомобилей ssangyong.

    Последнее обновление: 2018-02-21


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    Источник: Wikipedia

    Английский

    the decision to name the c200 the korando was done so by ssangyong.

    Русский

    Первоначально, в начале 90-х, ssangyong korando являлся лицензионной копией jeep cj-7.

    Последнее обновление: 2016-03-03


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    Источник: Wikipedia

    Английский

    in 1991, ssangyong started a technology partnership with daimler-benz.

    Русский

    В 1991 году началось технологическое сотрудничество с корпорацией daimler-benz.

    Последнее обновление: 2016-03-03


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    Источник: Wikipedia

    Английский

    its competitors included the lada niva, suzuki jimny and the ssangyong korando.

    Русский

    Главными конкурентами на европейском рынке были suzuki jimny и lada niva.

    Последнее обновление: 2016-03-03


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    Английский

    in reality, it was competing against its domestic rival, ssangyong chairman.

    Русский

    На самом деле автомобиль должен был конкурировать с ssangyong chairman.

    Последнее обновление: 2016-03-03


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    Источник: Wikipedia

    Английский

    its manufacturer, ssangyong, was famous for its suvs and rvs and chairman has been its only sedan.

    Русский

    Его производитель, ssangyong, уже давно производил внедорожники и кроссоверы, и chairman был его первым седаном .

    Последнее обновление: 2016-03-03


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    Источник: Wikipedia

    Английский

    in australia, there is a special version of the actyon sports called the ssangyong tradie.

    Русский

    Доступен с кузовами лифтбэк и пикап (ssangyong actyon sports).

    Последнее обновление: 2016-03-03


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    Английский

    in late 2004, the chinese automobile manufacturer saic took a 51% stake of ssangyong motor company.

    Русский

    До 2009 года 51,0 % акций ssangyong motor company принадлежали китайской автомобильной корпорации saic motor.

    Последнее обновление: 2016-03-03


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    Английский

    in addition to the korean ssangyong 4×4, 11,310 vehicles sold during the same period, according to aeb statistics.

    Русский

    Кроме того, по данным aeb, за тот же период sollers продала 11 310 также собираемых ею корейских внедорожников ssangyong.

    Последнее обновление: 2018-02-21


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    Английский

    although sold globally, the chairman h sold very poorly outside korea, due to both poor reviews and a lack of ssangyong dealerships.

    Русский

    Несмотря на это, chairman h очень плохо продается за пределами Кореи, в основном из-за плохих отзывов и отсутствия дилеров ssangyong.

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    Английский

    ssangyong motor company of korea licensed the w124 design and continues to produce a stretched version of the w124 as the chairman, with a ssangyong badge.

    Русский

    Корейская компания ssangyong motor company по лицензии создала на платформе модели w124 собственную модель chairman первого поколения, внешне сильно напоминавшую s-класс w140.

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    Английский

    after changing its name to dong-a motor in 1977, it was taken over by ssangyong business group in 1986 and changed its name to ssangyong motor.

    Русский

    В 1986 году перешла под контроль корпорации ssangyong business group, а в 1988 сменила название на ssangyong motor.

    Последнее обновление: 2016-03-03


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    Английский

    the ssangyong musso is a mid-size sport utility vehicle (suv) manufactured by the south korean automaker ssangyong motor from 1993 to 2005.

    Русский

    ssangyong musso () — среднеразмерный внедорожник производимый в Южной Корее компанией ssangyong начиная с 1993 по 2005 год.

    Последнее обновление: 2016-03-03


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    Английский

    it should be noted that agromashholding is the single industrial company in kazakhstan, which produces vehicles of the following brands ssangyong, zaz, peugeot, commercial equipments iveco and agricultural equipments.

    Русский

    Стоит отметить, что акционерное общество «АгромашХолдинг» являетсяединственнымв Казахстане промышленным предприятием, производящим автомобили марки ssangyong, zaz, peugeot, коммерческую технику iveco и сельскохозяйственную технику, в том числе зерноуборочные комбайны марки «essil КЗС-760», «essil КЗС-740» и кормоуборочный комбайн КСК-600.

    Последнее обновление: 2018-02-21


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