Three mid-sized Korean-based automakers -- GM Korea, KG Mobility, and Renault Korea Motors -- exported eight out of every 10 units they sold last year, according to industry sources. These three companies, which exited the tunnel of losses by expanding exports, plan to solidify their rebound momentu
KG Mobility has returned to profitability for the first time in seven years with its best-ever first-half performance in the first half of this year. The automaker gave credit for its popular Torres model, which showed brisk sales.KG Mobility announced on Aug. 2 that it sold 65,145 units in the firs
In May, domestic new car sales reached 130,300 units, up 8.8 percent from May 2022. This is a continuation of an upward trend in sales that began late last year.Five Korea-based auto companies -- Hyundai Motor, Kia Corp., GM Korea, KG Mobility, and Renault Korea Motors -- announced their May sales r
As the shortage of automotive semiconductors gradually eases, the five Korean automakers posted sales growth in November. In domestic sales, they had mixed results, but in overseas markets, they all enjoyed increased sales.Domestic auto sales in November totaled 127,157 units, up 3.2 percent from th
SsangYong Motor has recently launched the New Rexton Sports (local name: Musso) in Australian through its local subsidiary.SsangYong Motor's Australian subsidiary is the troubled automaker's first overseas direct sales corporation. Since its launch in Melbourne in November 2018, it has sough
Last month, Hyundai Motor Group, GM Korea, Renault Samsung Motors and SsangYong Motor sold 134,761 and 522,786 cars at home and abroad, respectively. The domestic sales volume showed a year-on-year decline of 23.6 percent, whereas the overseas sales volume rose 32.5 percent from a year earlier.Hyund
SsangYong Motor Co. announced on July 1 that the company sold a total of 8,504 units in June 2021 – 5,724 units in domestic sales and 2,780 in exports.SsangYong’s sales exceeded 8,000 units for the second straight month on the back of the rise in the domestic sales thanks to the upgraded models incl
SsangYong Motor Co. announced on June 1 that the company sold a total of 8,810 units in May 2021 – 4,956 units in domestic sales and 3,854 in exports.SsangYong’s May sales jumped 101.1 percent month-on-month and 6.3 percent year-on-year as the company solved the back orders, which resulted from prod
SsangYong Motor Co. announced on May 3 that the company sold a total of 4,381 units in April 2021 – 3,318 units in domestic sales and 1,063 in exports.SsangYong’s April sales plunged 35.7% from a year earlier as the production line has halted for 12 days due to a shortage of semiconductor chips and
SsangYong Motor announced on April 1 that the company sold a total of 7,152 units in March 2021 -- 4,306 units in domestic sales and 2,846 in exports.SsangYong’s March sales increased 156.4 percent month-on-month as its production line has resumed operations thanks to cooperation from parts supplier
SsangYong Motor, part of India's Mahindra Group, announced on Feb. 1 that the company sold a total of 8,678 units in January 2021 – 5,648 units in domestic sales and 3,030 in exports.The company’s January sales rose 13.4 percent over the same month last year thanks to a recovery in exports, desp
SsangYong Motor Co., part of India's Mahindra Group, announced on Jan. 29 that it sold 107,416 units, posted revenue of 2,950.2 billion won, an operating loss of 423.5 billion won, and a net loss of 478.5 billion won in 2020.Despite efforts to reduce fixed costs through strong self-rescue effort
SsangYong Motor, part of India's Mahindra Group, announced on Jan. 4 that the company sold a total of 10,591 units in December 2020 -- 8,449 units in domestic sales and 2,142 in exports. The company’s monthly sales have maintained the level of 10,000 units for three consecutive months since Octo
SsangYong Motor and GM Korea are showing contrasting performances in the same crisis and the difference is because of their diametrically opposite labor-management relations.SsangYong sold 11,859 cars last month, up 10.3 percent from a year ago and up 16.3 percent from the previous month. The worker
SsangYong Motor Co., part of India's Mahindra Group, announced on Dec. 1 that the company sold a total of 11,891 units in November 2020 – 9,270 units in domestic sales and 2,589 in exports.In November, SsangYong recorded its highest ever monthly sales this year again following October, exceeding
SsangYong Motor Co., part of India's Mahindra Group, announced on Nov. 2 that the company sold a total of 10,197 units in October 2020 – 7,612 units in domestic sales and 2,585 in exports.In October, SsangYong recorded the year's highest monthly sales, helped by sales uptrend in exports, exc
SsangYong Motor announced on Oct. 27 that foreign government agencies have recently selected its vehicles as official cars in recognition of their excellence.The company signed a contract with the Fire Safety and Civil Protection Directorate General of Bulgaria on Sept. 25 to supply command vehicles
SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 26 that it sold 25,350 units, posted revenue of 705.7 billion won, an operating loss of 93.2 billion won, and a net loss of 102.4 billion won in the third quarter of 2020.The company's operating loss has decreased thanks
SsangYong Motor Co., part of the Mahindra Group, announced on Oct. 5 that the company sold a total of 9,834 units in September 2020 – 8,208 units in domestic sales and 1,626 in exports.SsangYong’s September sales jumped 22.5 percent from the previous month thanks to aggressive sales promotions at ho
SsangYong Motor Co., part of the Mahindra Group, announced on Sept. 1 that the company sold a total of 8,027 units in August 2020 – 6,792 units in domestic sales and 1,235 in exports.SsangYong’s August sales rose 7.2% from the previous month, showing an uptrend in sales at home and abroad. It result