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SsangYong Tivoli Completes the Notorious Dakar Rally

SsangYong Tivoli Completes the Notorious Dakar Rally

SEOUL, Dec. 24 (Korea Bizwire) – SsangYong Motor’s Tivoli DKR has successfully completed the notorious Dakar Rally, the manufacturer said on Tuesday. The Dakar Rally, known colloquially as “the race from hell”, is famous for its brutal conditions and harrowing racing schedule, leaving many participants with injuries and accidents. Against the odds, the Tivoli DKR, which [...]

Automakers Poised to Wage War over Small SUVs

Automakers Poised to Wage War over Small SUVs

SEOUL, Jun. 15 (Korea Bizwire) — Automakers in South Korea are expected to vie fiercely for a bigger slice of the market for subcompact sport utility vehicles (SUVs) following Hyundai Motor Co.’s entry into the fast-growing segment, analysts said Wednesday. In an extravagant rollout in Seoul, South Korea’s leading automaker Hyundai unveiled its first subcompact [...]

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

ILSAN, Mar. 31 (Korea Bizwire) — India’s Mahindra Group and its South Korean unit SsangYong Motor Co. will jointly develop an electric vehicle (EV) using the same platform that can target large emerging green car markets in the coming years, the automotive conglomerate’s chief said Thursday. The companies are aiming to develop high-end EVs by [...]

Ssangyong Motor Turns to Black for First Time in 9 Years

Ssangyong Motor Turns to Black for First Time in 9 Years

SEOUL, Jan. 23 (Korea Bizwire) – Ssangyong Motor Co., the local unit of Indian carmaker Mahindra & Mahindra Ltd., is believed to have posted an operating profit in 2015 for the first time in nearly a decade, market observers noted Monday.  The observers estimated the company’s operating profit at 50 billion won (US$42.5 million) last [...]