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Korea's SSangyong Motor Fails To Make December Payroll
Korea's smallest carmaker Ssangyong Motors on Sunday said it cannot pay December salaries, which were due on Wednesday. Domestic carmakers saw a steep drop in sales in due to the worldwide economic crisis, but this is the first time a domestic automaker has failed to pay workers the money it owes them. In letters to staff sent Friday, Ssangyong said, "The company is expected to post a deficit of more than W100 billion US$1=W1,292 this year alone. Due to lack of operating funds for December, it is... Full article...

Article added: 2008-12-23 06:51:57   Article Views Rating: 151


Main  >  Car Makers News  >  Other  > 
Auto briefs | detnews.com | The Detroit News
DETROIT -- Ford Motor Co.'s 2010 Fusion Hybrid will get 41 city miles per gallon and 36 mpg on highways, based on final certification figures from the U.S. Environmental Protection Agency, the company said Monday. The move is one of the final steps in getting the vehicle to dealerships next spring. Certification of the vehicle was recently completed at the company's testing laboratories in Allen Park. Ford said that the Fusion Hybrid tops Toyota's Camry hybrid -- its main competitor -- by 8 mpg in the... Full article...

Article added: 2008-12-23 06:51:53   Article Views Rating: 157


Main  >  Car Makers News  >  Other  > 
Korea's SSangyong Motor Fails To Make December Payroll
Korea's smallest carmaker Ssangyong Motors on Sunday said it cannot pay December salaries, which were due on Wednesday. Domestic carmakers saw a steep drop in sales in due to the worldwide economic crisis, but this is the first time a domestic automaker has failed to pay workers the money it owes them. In letters to staff sent Friday, Ssangyong said, "The company is expected to post a deficit of more than W100 billion US$1=W1,292 this year alone. Due to lack of operating funds for December, it is... Full article...

Article added: 2008-12-23 06:51:47   Article Views Rating: 114


Main  >  Car Makers News  >  Other  > 
Auto briefs | detnews.com | The Detroit News
DETROIT -- Ford Motor Co.'s 2010 Fusion Hybrid will get 41 city miles per gallon and 36 mpg on highways, based on final certification figures from the U.S. Environmental Protection Agency, the company said Monday. The move is one of the final steps in getting the vehicle to dealerships next spring. Certification of the vehicle was recently completed at the company's testing laboratories in Allen Park. Ford said that the Fusion Hybrid tops Toyota's Camry hybrid -- its main competitor -- by 8 mpg in the... Full article...

Article added: 2008-12-23 06:51:44   Article Views Rating: 125


Main  >  Motorsport  >  Other  > 
Ssang Yong Rexton
Its flared wheel arches and integrated foglamps adjoin in transit to the smack to give he a determinate up-market feel. The dashboard tactical plan is functional among clear dials and footling controls and is logically laid not true in an entirely gimmick-free zone. The root and branch imagery is a strong, stylish, wholehearted earlier understated front end, which will stand the experiment of time. Byzantine changes for the external styling see a held in reserve intonated culminate in company with new... Full article...

Article added: 2008-09-04 12:13:02   Article Views Rating: 459


Main  >  Week in Photos  >  Other  > 
SsangYong summer sizzlers take the heat out of buying
   At holiday time, most of us feel more than just the heat – and this year it’s not just summer clothes causing the squeeze. So in the run-up to the new September registration rush, Ssangyong is offering a raft of very tempting deals on its already value-for-money range.Deposit? What deposit?We’re all feeling the pinch, so Ssangyong is offering special finance terms on Rodius seven-seat and Kyron SUV models – with the South Korean manufacturer stumping up the... Full article...

Article added: 2008-07-10 12:34:02   Article Views Rating: 611


Main  >  Car Makers News  >  Other  > 
Roewe releases new pictures of 550
China’s auto design industry has been lambasted for being everything from farcical to downright plagiaristic, and it has largely deserved the criticism. Nevertheless, makers like Roewe - the Chinese owners of what used to be MG Rover - soldier on, producing cars that look vaguely like the competition yet entirely pleasant on their own. Definitely more successful than some of the wilder exploits of Ssangyong or Chery, the Roewe 550 gives us hints of Volkswagen’s Passat, a slew of Lexus’... Full article...

Article added: 2008-04-18 04:24:03   Article Views Rating: 127



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