KG Mobility, once a perennially loss-making company, has returned to profitability last year, driven by increased exports to Europe and Latin America.According to industry and securities market sources on Feb. 6, KG Mobility’s operating income for last year is estimated to be around 5 billion won. T
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
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., 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 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 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
SsangYong Motor Co., part of the Mahindra Group, announced on Aug. 3 that the company sold a total of 7,489 units in July 2020 – 6,702 units in domestic sales and 787 in exports. SsangYong’s July sales declined 30.6 percent over the same month last year, affected by the reduction of the government’s
SsangYong Motor Co., part of India's Mahindra Group, announced on July 27 that it sold 49,419 vehicles, posted revenue of 1,356.3 billion won, an operating loss of 215.8 billion won, and a net loss of 202.4 billion won in the first half of 2020.Despite its efforts to reduce fixed costs through s
Korea Development Bank (KDB) is expected to roll over a total of 90 billion won in loans to SsangYong Motor.The ailing automaker has recently applied for an extension of the maturities of the loans due on July 6 (70 billion won) and on July 19 (20 billion won). KDB is expected to make a decision as
SsangYong Motor has signed a basic contract with Songuo Motors, a Chinese electric vehicle manufacturer, and Hyolim Precision, a Korean auto parts manufacturer, on knockdown sales of the Tivoli and platform technology cooperation.The three companies held a signing ceremony at SsangYong Motor's S
SsangYong Motor Co., part of India's Mahindra Group, announced on June 1 that the company sold a total of 8,286 units in May 2020 -- 7,575 units in domestic sales and 711 in exports.SsangYong’s new bookings in May jumped by over 50 percent month-on-month thanks to strengthened sales promotions,
SsangYong Motor Co., part of the Mahindra Group, announced on May 6 that the company sold a total of 6,813 units in April 2020 -- 6,017 units in domestic sales and 796 in exports.SsangYong’s April sales declined 46.4 percent over the same month last year due to the production setback resulting from
SsangYong Motor is planning to launch a mid-sized sport utility vehicle (project name J100) and an electric vehicle (EV) in the first half of 2021.The ailing automaker is seeking another leap forward by completing its SUV lineup with the launch of the J100 and expanding into eco-friendly cars with a
SsangYong Motor may lose third place in the Korean car market to GM Korea or Renault Samsung Motors this year.GM Korea officially started to count sales of its new compact sport utility vehicle (SUV) Trailblazer in February and Renault Samsung Motors is also planning to launch its new XM3 in March.
SsangYong Motor Co., part of India's Mahindra Group, announced on Feb. 7 that the company sold 135,235 units at home and abroad in 2019, posting a revenue of 3,623.9 billion won, an operating loss of 281.9 billion won, and a net loss of 341.4 billion won.Despite strong domestic sales, the compan
SsangYong Motor Co., part of India's Mahindra Group, announced on Feb. 3 that the company sold a total of 7,653 units in January 2020 -- 5,557 units in domestic sales and 2,096 in exports.SsangYong’s January 2020 sales dropped 33 percent over the same month last year due to depressed auto market
SsangYong Motor, part of India's Mahindra Group, announced on Jan. 2 that the company sold a total of 12,923 units in December 2019 --10,574 units in domestic sales and 2,349 in exports.SsangYong’s December sales increased 20.2 percent from the previous month, driven by domestic sales growth. Sa