Liquidation is now certain to be avoided as a South Korean court has approved Ssangyong’s revival plan. Ssangyong has been in court-approved bankruptcy protection since February.

For the past year, the future of the company had been unsure as it made attempts to seek new investment and consolidate its debts. Several months ago, the workers rioted for 77 days over redundancy plans. This led to the delay of its new C200 crossover, which is set to be revealed at the Frankfurt motor show in September. With the court’s approval of Ssangyong’s recovery plan, the company will be implementing a three-year program designed to increase competitiveness, return to profitability and triple its revenues year on year. The company is also seeking new investment and finance to aid in funding the C200. Paul Williams, managing director of SsangYong distributor Koelliker UK, said that with this court decision, SsangYong gains a lifeline allowing its officials to start planning properly for 2010. One of those plans include the launching of the new C200 compact car.

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Tags:car news, SsangYong, ssangyong revival plan approved
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It appears Volkswagen isn’t busy enough with getting Porsche and being its sole owner. VW is now bent on taking over the South Korean automaker SsangYong Motor, which is operating under bankruptcy protection.

Months ago, SsangYong suffered a vicious strike when hundreds of workers decided to occupy a factory and shut down production entirely. Volkswagen has neither confirmed nor refuted the reports so far but it is believed that SAIC, the former SsangYong owner, collaborated with VW through the Shanghai VW joint venture. Continued after the jump!

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Tags:car news, SsangYong, ssangyong buyer, ssangyong news, ssangyong volkswagen, ssangyong vw, ssangyong vw deak, vw ssangyong deal
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Production losses at the Ssangyong factory in south Korea have amounted to £110 million, the value of about 10,800 cars, because around 800 redundant workers insist on living in the factory and have not left in two months.

The Gyeonggi Provincial Police Agency had been tasked to assist a court officer to deliver a document from the court demanding them to leave the Pyeongtaek plant. However, the police failed in this task. Union spokesman Lee Chang Kun told the Bloomberg news agency that the workers will resist “in the face of death” if the police attempts to force them out. Ssangyong was placed under control last February after encountering a “serious” cash shortage. Last month, the company’s restructuring plan was approved but as a result, more than a third of the workforce was made redundant.

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Tags:car news, ssangyong factory occupied, ssangyong news
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In its desire to drive sales in the UK, SsangYong is providing a five-year or 250,000-mile warranty on its Kryon, Rexton and Rodius models. The carmaker’s extended warranty is in keeping with the Northern Ireland market testing, and covers 250,000 miles or five years or whichever should come first.

Furthermore, the carmaker is also providing a fiver years or 50,000 miles of free servicing, although this offer is restricted to customers who purchase their products before June 2009 ends. The long-term warranty demonstrates the company’s confidence in the reliabiltiy of their cars.

Tags:car news, ssangyong news, ssangyong warranty details, ssangyong warranty news
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The Korean carmaker SsangYong has removed the wraps around its par of new concept cars at the Seoul Motor Show, providing previews to a new production version the company is hoping it can make available before this year ends.

The new show cars are a development of the C200 crossover concept vehicle from last year and are described as almost ready for production. The new production car, which is expected to carry the C200 designation, the newest crossover concept by SsangYong has been designed by the famous ItalDesign studio by Giugiaro and will come at about the same size of its two chief rivals – the Toyota RAV4 and Honda CR-V. The Korean carmaker calls this new C200 a CUV, for Compact Urban Vehicle. More details and photos after the jump!

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Although the Tokyo Motor Show has cut its attendance and show days, the Seoul Motor Show nevertheless is preparing for the event. One of the most important and most-awaited unveilings for the forthcoming show is the astonishingly elegant SsangYong C200 SUV.

Currently the firm made available teaser illustrations of the car, but this time with a new Aerodynamic Package. It is not yet known for sure if the new design is hinting at a concept to be unveiled together with the spied ‘almost production’ car or a variant of the production SUV that will also be showcased. The distinction from the regular C200 consists of the new front, side and rear body treatment, stronger sized and styled rims and an air spoiler at the rear. The C200 and its Aero variant will be introduced at the opening of the show on the 3rd of April. Final information for the release date of the retail sale of the car and the markets it will be available in is still being withheld. Photo gallery after the jump!

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Tags:ssangyong c200 concept, ssangyong c200 concept details, ssangyong c200 concept images, ssangyong c200 concept news, ssangyong c200 concept photos, ssangyong c200 concept pictures, ssangyong c200 concept wallpapers, ssangyong news
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The SsangYong Rexton R-Line is the latest masterpiece from the exclusivist tuner Project Kahn. After last week we saw the Kahn Cosworth 300 Sport, the tuner decided to release another customized SUV. Although the SsangYong Roxton is not a luxury car comparing it to the Land Rover Range Rover Sport, Afzal Kahn said that: “I was initially reluctant to go ahead with the project. However, as I have said hundreds of times before; we can do absolutely anything to any car and many people may have been under the impression that we would not have been able to do anything with the Rexton. I believe we have delivered an outstanding product that proves there we know exactly what we are doing and can add our touch to any car. I challenge anyone to bring me any car and I will give it that unique edge.”

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