Although doubts remain over the firm's future
7 August 2009

Ssangyong is planning to resume production later this month after the 77-day occupation of its factory by disgruntled workers came to an end.

A statement released by the troubled South Korean car manufacturer said its production lines had suffered no serious damage and production could resume in two to three weeks' time.

The protest cost Ssangyong a reported $258 million (£154m) in lost production and it has until 15 September to submit its recovery plan to Korean courts. Ssangyong has been in administration since January.

A Korean insider told Bloomberg the situation at Ssangyong was still precarious, despite the protest coming to an end.

“The chances of Ssangyong’s survival are very slim at the moment because it doesn’t have the money to develop new models and expand its sales network,” he said.

“There appears to be more expectations that the company may be put up for sale.”

Earlier this week, Ssangyong creditors filed a petition to the courts requesting that the firm be liquidated.

Ssangyong sold 99 cars in the UK in July.

Twitter - follow all the latest Ssangyong reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    The Citroen C3 Aircross has got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again