Car maker Ssangyong applies for receivership

Troubled South Korean car maker Ssangyong Motor said today it had applied for court receivership.

Car maker Ssangyong applies for receivership
Fri, 09 Jan, 2009 - 07:53

Troubled South Korean car maker Ssangyong Motor said today it had applied for court receivership.

Ssangyong said in a statement that it made the ā€œunavoidable choiceā€ to address its liquidity crisis.

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CourtsBusinessHeathrowPlace: ChinaPlace: South KoreaPerson: Choi Nam-hyunPerson: Choi Hyung-takOrganisation: SsangyongOrganisation: Ssangyong MotorOrganisation: Shanghai Automotive IndustryOrganisation: SAIC
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