SsangYong Korando Sports Released, Headed To America?

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SsangYong Korando Sports Released, Headed To America?
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South Korea just got themselves a new pickup truck when SsangYong released their new Korando Sports to the market. Based off of their SUT 1 concept that debuted at the 2011 Geneva Motor Show, SsangYong is calling the Korando Sports an LUV – Leisure Utility Vehicle. What is interesting though is the fact that the… Continue Reading...

Ssangyong Wants To Become Korea’s “Most Innovative” Automaker

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Ssangyong Wants To Become Korea’s “Most Innovative” Automaker
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While Hyundai and Kia are the best known Korean automakers,  Ssangyong, still exists in the rest of the world, and the automaker (who has never sold vehicles in North America) has some very ambitious goals for the near future. Ssangyong wants to sell 160,000 vehicles worldwide by 2013, and hopes to raise that number to… Continue Reading...

Ssangyong To Sell Vehicles In The United States By 2016

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Ssangyong To Sell Vehicles In The United States By 2016
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Is America ready for another strange-sounding offshore nameplate? That answer seems irrelevant in light of Ssangyong’s new plans to introduce their vehicles in America by 2016, with a goal to be in the marketplace by 2013. Ssangyong has a history of making fairly rugged SUVs that have been sold in global markets. While their previous… Continue Reading...

Mahindra Buys Ssangyong, Maker Of The World’s Ugliest Car, For $463 Million

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Mahindra Buys Ssangyong, Maker Of The World’s Ugliest Car, For $463 Million
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India’s Mahindra will buy troubled Korean carmaker Ssangyong for $463 million, with Mahindra gaining a 70% stake in the company. The deal is expected to conclude in March, 2011. “Together with its financial capability, Mahindra offers competence in sourcing and marketing strategy while Ssangyong has strong capabilities in technology,” Mahindra President Pawan Goenka said in… Continue Reading...

Mahindra Acquires Bankrupt Automaker Ssangyong

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Mahindra Acquires Bankrupt Automaker Ssangyong
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India’s Mahindra has nearly completed a purchase of Korean carmaker circus freakshow Ssangyong, maker of the world’s ugliest vehicles. “We give the takeover candidate (Mahindra and Mahindra) an exclusive right for negotiation, and won’t be involved in any takeover-related activities with a third party,” Ssangyong said in a statement. Financial terms were not announced but… Continue Reading...