SEOUL, June 19 (Korea Bizwire) — SsangYong Motor Co. said Friday it has signed an initial agreement with Chinese carmaker Songuo Motors Co. to export its Tivoli sport utility vehicle. Under the basic agreement, SsangYong Motor will deliver the Tivoli SUV in the form of knockdown units to Songuo Motors’ plants in China to be [...]
SEOUL, Oct. 20 (Korea Bizwire) — SsangYong Motor Co. said Friday it will reconsider its plan to build a factory in China through a partnership with a local company due to regulations and lower demand for South Korean vehicles. As China has taken measures against South Korean products in apparent retaliation against the deployment of [...]
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 [...]
SEOUL, Feb. 15 (Korea Bizwire) – Ssangyong Motor Co., a local unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday that it swung to the black last year, posting a net profit for the first time in nine years. Net profit came to 58.1 billion won (US$50.9 million) in 2016, compared with a net [...]
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 [...]
SEOUL, Dec. 20 (Korea Bizwire) – Ssangyong Motor Co., the local unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday that it has sold more than 100,000 units of the Tivoli small SUV in the South Korean market alone, making it one of the best-selling cars in its history. The automaker said 100,025 units [...]
SEOUL, Dec. 14 (Korea Bizwire) – Ssangyong Motor Co., the country’s smallest automaker, said Wednesday it has shipped a total of 6,823 vehicles to Iran in the first 11 months of the year, with the figure expected to top 8,000 units this year. The automaker, the local unit of Indian carmaker Mahindra & Mahindra Ltd., [...]
SEOUL, March 23 (Korea Bizwire) – Ssangyong Motor Co., owned by India’s auto giant Mahindra & Mahindra, said Wednesday that it has received over 2,200 preorders for the Tivoli Air since its debut earlier this month. The Tivoli Air is a long-body version of its popular Tivoli crossover sport utility vehicle, which led its domestic [...]
SEOUL, Feb. 15 (Korea Bizwire) – Ssangyong Motor Co., owned by India’s Mahindra & Mahindra, said Monday that the long-body version of the its popular Tivoli sport utility vehicle has been named the “Tivoli Air.” The new model was named such in order to underscore its pursuit of becoming an essential element of life just [...]
SEOUL, Feb. 4 (Korea Bizwire) – Ssangyong Motor Co, owned by India’s Mahindra & Mahindra, plans to unveil the long body version of its popular Tivoli sport utility vehicle next month, an industry source said Thursday. “The exact launch date has not been determined but the long body version of the Tivoli will likely hit [...]