Ssangyong Motors Applies Liquidatation!

VWvortex · January 9, 2009

CHINESE-owned Ssangyong Motors of South Korea, which last month could not pay its workers on time, said on Friday it had applied for court receivership.

"The court will decide whether the company should be kept afloat or be liquidated,'' a company spokesman said.

Ssangyong has fallen into a financial crisis amid slow auto sales and a dearth of operating funds from its parent, Shanghai Automotive Industry Corp.

The company expects a net loss of more than 100 billion won ($107 million) for last year due to a slump in demand.

http://www.news.com.au/business/story/0,27...9-31037,00.html

Wonder what will happen to our own Micro if Ssangyong is liquidated?

ash · January 9, 2009

Wonder what will happen to our own Micro if Ssangyong is liquidated?

There are enough Chinese models Micro can collaborate with.

Devinda_Z · January 9, 2009

been wondering the same thing since GTAm first broke the news... :huh:

Ref Post #12

http://forum.autolanka.com/index.php?s...ost&p=83723 :mellow:

Edited January 9, 2009 by Devinda_Z

JadeyBlitzen · January 15, 2009

There are enough Chinese models Micro can collaborate with.

i sure hope micro doesnt collaborate with some truly hideous chinese car manufacturer for our motorists sake.

Pericles · January 16, 2009

i sure hope micro doesnt collaborate with some truly hideous chinese car manufacturer for our motorists sake.

Too late for that.

JadeyBlitzen · January 16, 2009

Too late for that.

apologies for giving anybody the impression that ssangyong makes good looking cars :lol:

MasterDon · January 17, 2009

apologies for giving anybody the impression that ssangyong makes good looking cars

I think the rexton is a good looking car,and it looks a very handsome brute in black.I quite like it.

Watchman · January 17, 2009

agree on the rexton.. but i prefer white... and the kyron isnt half bad in white either... sadly though the only way an actyon would look good is if it had an invisible paint...

Edited January 17, 2009 by Dilesh

MasterDon · January 17, 2009

agree on the rexton.. but i prefer white... and the kyron isnt half bad in white either... sadly though the only way an actyon would look good is if it had an invisible paint...

yep,white does add a touch of "expensiveness" to it..while black gives it a mean look

LOL yeah the only thing uglier than the actyon is it's brother,the rodius MPV

JadeyBlitzen · January 17, 2009

agree on the rexton.. but i prefer white... and the kyron isnt half bad in white either... sadly though the only way an actyon would look good is if it had an invisible paint...

for me, out of the range rexton is the most acceptable. it still doesnt look modern and handsome as its competitors. if im going to have i want it in silver with big wheels and the red leather option

everything else looks a mess. i cant agree with you guys on the kyron cos its just unbalanced. its got too many creases on the side. the shoulder line would have been fine on its own. but try to visualise it without the 2nd crease below it. either they could do without it or they made it too deep and continued it too far back. thats the biggest design fault of the car. thank go they've given it new tail lamps. anyway with that that big ugly crease the door handles look really out of place. the new front bumper is quite decent though. they should have tried to be a bit more boring with the rest of the design, if they were to appeal everybody. but sadly they came out all tvr-ish.

Pericles · January 17, 2009

apologies for giving anybody the impression that ssangyong makes good looking cars

Actually, thats not what I meant. I meant its too late, Micro already collaborates on Chinese cars. The Micro Trend is a copy of a Chinese car, and so it the MX-7 sedan.

I still haven't seen any MX7s on the road, despite it being on display on two car shows. I see more Geely's than MX-7s. Anyone seen an MX-7 on the road?

Oh, and Jadey, the Rexton in back with red leather is not too bad either. As long as you don't use a flash when taking pictures Madmax has got one.

Devinda_Z · January 17, 2009

Anyone seen an MX-7 on the road?

followed one for a short time last evening...

for some odd reason it reminded me a little of the Proton Waja...

but a very forgettable car all in all.. :mellow:

JadeyBlitzen · January 17, 2009

Actually, thats not what I meant. I meant its too late, Micro already collaborates on Chinese cars. The Micro Trend is a copy of a Chinese car, and so it the MX-7 sedan.
I still haven't seen any MX7s on the road, despite it being on display on two car shows. I see more Geely's than MX-7s. Anyone seen an MX-7 on the road?

Oh, and Jadey, the Rexton in back with red leather is not too bad either. As long as you don't use a flash when taking pictures Madmax has got one.

i like the mx-7. looks pretty decent. reminds me of the chevy lacetti sedan, though im guessing its smaller. a very good attempt for a chinese car. and its not a complete joke. whoever runs micro has reasonable taste. i would certainly have one over an indian car.

Pericles · January 18, 2009

i like the mx-7. looks pretty decent. reminds me of the chevy lacetti sedan, though im guessing its smaller. a very good attempt for a chinese car. and its not a complete joke. whoever runs micro has reasonable taste. i would certainly have one over an indian car.

I agree it looked pretty decent. The build on the first example I saw at a car show mid last year looked terrible tho. However, the one I saw in December looked a lot better. Still to get into it tho.

MasterDon · January 18, 2009

a bit OT

i've seen acouple of rexton's with faded interiors...both are not even a one year old....it looks mighty hideous with the dis-coloured seats..seemed like very poor build quality...

JadeyBlitzen · January 18, 2009

a bit OT
i've seen acouple of rexton's with faded interiors...both are not even a one year old....it looks mighty hideous with the dis-coloured seats..seemed like very poor build quality...

i think the leather is sourced from sl. i've seen that happen in leather converted interiors done in sl. i mean ssangyong does offer mad designs. but red leather sounds too mad for an oriental car manufacturer. so those are probably sl only options done in sl.

madmax · January 19, 2009

a bit OT
i've seen acouple of rexton's with faded interiors...both are not even a one year old....it looks mighty hideous with the dis-coloured seats..seemed like very poor build quality...

That I think is mostly because of the fact nobody uses a proper leather conditioner...

isam · January 19, 2009

guys, Will this have any impact on Micro?

GTAm · January 21, 2009

guys, Will this have any impact on Micro?

Of course it will. Unless our "Bros" pump in the cash, like they've done at Micro :rolleyes:

GTAm · January 21, 2009

Actually, thats not what I meant. I meant its too late, Micro already collaborates on Chinese cars. The Micro Trend is a copy of a Chinese car, and so it the MX-7 sedan.
I still haven't seen any MX7s on the road, despite it being on display on two car shows. I see more Geely's than MX-7s. Anyone seen an MX-7 on the road?

Saw the MX-7 at the workshop. The interior is terribly cheap looking. Overall quality seems poor and cheap. Saw one on the road...... serious negative camber on the rear wheels :blink: !!!!

GTAm · January 21, 2009

for me, out of the range rexton is the most acceptable.

The original (pre-facelift) was designed by Ital Design many moons ago. But that's why it still is visually more balanced than the rest of the range..... which are inhouse madness!

JadeyBlitzen · January 22, 2009

The original (pre-facelift) was designed by Ital Design many moons ago. But that's why it still is visually more balanced than the rest of the range..... which are inhouse madness!

no wonder! what they should have done is use the flagship's styling cues on their scaled down offerings. i'm not sure if they turned to italdesign for the facelift. but it looks even better. not a big fan of the mock mercedes grille though. which im sure was an inhouse decision.