Home Page Advertising About Us

























Chinese Firm Purchases Majority Stake in South Korean Automaker

American Government Special Collections Reference Desk

Cars in China Topics:  Shanghai Automotive Industry Corp., Ssangyong Motor

Chinese Firm Purchases Majority Stake in South Korean Automaker

Voice of America
October 28, 2004

A Chinese company has purchased a majority stake in South Korea's fourth-largest automaker, Ssangyong Motor.

A final contract for Shanghai Automotive Industry Corp. to purchase a 48.9 percent stake in Ssangyong from the automaker's creditors was signed Thursday.

Ssangyong has been up for sale since 1999, when creditors took control of the debt-ridden company after the collapse of its parent, Daewoo Group.

Shanghai Automotive has two major joint ventures in China with auto giants, General Motors and Volkswagen.

Some information for this story provided by AFP.

Connect with The Crittenden Automotive Library

The Crittenden Automotive Library on Blogger The Crittenden Automotive Library at Google+ The Crittenden Automotive Library on Facebook The Crittenden Automotive Library on Instagram The Crittenden Automotive Library at The Internet Archive The Crittenden Automotive Library on LinkedIn The Crittenden Automotive Library on Pinterest The Crittenden Automotive Library on Twitter The Crittenden Automotive Library on Tumblr  
 
 


The Crittenden Automotive Library

Home - About Us - Advertising





By accessing the The Crittenden Automotive Library/CarsAndRacingStuff.com, you signify your agreement with the terms and conditions on our Legal Information:  Disclaimers & Privacy Policy page.

To notify The Crittenden Automotive Library of errors, suggest topics, contribute information, make a comment on a page or to ask a question e-mail us.