Car maker Ssangyong applies for receivership

Troubled South Korean car maker Ssangyong Motor said today it had applied for court 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 “unavoidable choice” to address its liquidity crisis.

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CourtsBusinessHeathrowPlace: ChinaPlace: South KoreaOrganisation: SsangyongOrganisation: SAIC
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