Renault will take over with its Japanese partner Nissan SUV the embattled farmer SsangYong Motor of South Korea. The subsidiary Renault Samsung Motors (RSA) had supplied along with a Nissan Purchase letter of intent, a spokeswoman for Renault confirmed on Monday. For details of the offer would not comment on it.
The South Korean car manufacturer SsangYong has fallen by a drastic drop in sales in big trouble. The sales had fallen by 2008 in view of attractive oil prices. The situation worsened by the impact of the global economic crisis and a 77-day strike last summer that was directed against layoffs.
A court in Seoul had agreed in December, a reorganization plan for the smallest of the South Korean automaker. This enabled it to continue to look for investors. Ssangyong was recently informed that there were several interested parties. Name described the company as not.Source URL: https://maryelizabeth-winstead.blogspot.com/2010/06/renault-nissan-will-take-ssangyong.html
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