<div><p>Ailing South Korean automaker Ssangyong Motor, which is seeking court receivership to avoid bankruptcy, announced it has suspended production because of a lack of parts.</p><p>Operations at the company's only plant at Pyeongtak, 70 kilometres (43 miles) south of Seoul, will stop indefinitely, ...
<div><p>MG Rover almost committed industrial suicide late last year by prematurely trumpeting its anticipated joint venture with the Shanghai Automotive Industry Corporation. Indeed, it may yet be shown to have damaged itself irreparably, because it's not quite a done deal. Doubtless Rover ...
<div id="subtitle">Automakers mum on reports GM may boost stake in Chinese joint venture</div><div><p>General Motors Corp. plans to increase its stake in its thriving joint venture with Chinese automakers SAIC and Wuling Automobile, media reports said Wednesday, citing a senior SAIC executive.</p><p ...
<div id="subtitle">China drafts auto industry consolidation plan, aims for 10 globally competitive groups</div><div><p>China plans to build up a "Big 10" group of globally competitive automakers, led by General Motors Corp. partner Shanghai Automotive Industrial Corp., an industry association said Wednesday.</p><p> ...
<div><p>The Korea Development Bank (KDB) said Friday it would not provide Ssangyong Motor Co. with new loans unless its Chinese parent company helps the ailing automaker first.</p><p>The state-run KDB, Ssangyong's main creditor, said Shanghai Automotive Industry Corp. should extend 320 billion won ...
<div id="subtitle">South Korea says Chinese automaker seeking help for ailing Ssangyong Motor</div><div><p>China's Shanghai Automotive Industry Corp. has asked the South Korean government to help secure new loans for Ssangyong Motor Co., an official said Friday, as South Korea's smallest automaker struggles to ...
<div id="subtitle">SKorean bank says aid for automaker Ssangyong depends on China owner; credit agency cuts rtg</div><div><p>Korea Development Bank won't provide financial assistance to Ssangyong Motor unless the troubled South Korean company's Chinese parent does so first, a senior official at the bank ...
<div><p>Driving a red Chevy, "Prison Break" star Wentworth Miller swerves and smashes through a maze of mirrors as men in black chase him in General Motors' latest Chinese television campaign.</p><p>As the feds turn up the heat on the auto giant in Detroit ...
<div><p>Workers at South Korea's smallest automaker Ssangyong Motor went on strike Thursday in protest at plans for mass layoffs to save the firm from bankruptcy.</p><p>Assembly lines at its plant in Pyeongtaek, south of Seoul, stopped at 1:30 pm, union spokesman Lee Chang-Geun ...
<div><p>Workers at South Korea's smallest automaker Ssangyong Motor went on strike Thursday in protest at plans for mass layoffs to save the firm from bankruptcy.</p><p>Assembly lines at its plant in Pyeongtaek, south of Seoul, stopped at 1:30 pm, union spokesman Lee Chang-Geun ...
