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SsangYong still trading amid bankruptcy threat SsangYong still trading amid bankruptcy threat December 23, 2020 ‘Business as usual’ in Australia as Korean car-maker seeks court protection SsangYong has moved to reassure Australian vehicle owners and prospective buyers that it is business as usual for the time being after the South Korean car-maker filed for court protection from bankruptcy this week. Coming six months after SsangYong Motor’s parent Mahindra revealed that it was looking to sell off its 75 per cent stake in the Korean brand in the wake of mounting losses and deteriorating sales, SsangYong’s latest court filing was triggered when it defaulted on a loan repayment of 60 billion won ($A71.68 million) “due to worsening business conditions”.

United statesSouth koreaSouth koreanChris mandileSsangyong mussoSsangyong motor companySsangyong motorSsangyong australiaAmerican chapterஒன்றுபட்டது மாநிலங்களில்தெற்கு கொரியாதெற்கு கொரியன்கிறிஸ் மண்டைஸ்சங்கியோங் மூஸொஸ்சங்கியோங் மோட்டார் நிறுவனம்ஸ்சங்கியோங் மோட்டார்