Advertisement
Home » News

SsangYong Motor to foray into US market in 2019

Team OD  | Published: March 09, 2016, 03:46 PM IST

Choi Johng-sik, the CEO of SsangYong Motor has said that the company is getting ready to enter the US market in late 2019. The South Korea based automobile manufacturer is also planning to change its name and invest around 100 million dollars for the same.

"It is true that there are many concerns about the U.S. entry. We think the U.S. project will make or break our company. So we'll have full discussions with Mahindra," said Choi. Mahindra themselves burned their hands the first time around in 2010 while entering the US market. They now sell tractors in North America. Choi also said that the company hasn't finalised a date yet for entering the US market.

SsangYong Tivoli (4)

The company intends to manufacture cars even in China and Russia since both nations have levied high tarrifs on imported vehicles. He also said that SsangYong Motors is currently in talks with different China based firms including Geely Automobile Holdings Ltd and Cherry Automobile Co Ltd to manufacture its cars in the country.

He also expects the company to finally register profit this year which would be its first since 2007. Mahindra and Mahindra own a 70 per cent stake in SsangYong Motor which they acquired in 2011.

Source

Price (Ex-Delhi)
-NA-
Displacement
1597cc
Transmission
Automatic
Max Power(ps)
115
Max Torque(Nm)
300
Mileage
-NA-

Related Stories

Indian automobile manufacturers shut...
Aditya Chatterjee | 10 Jun 2019
2020 Mahindra Scorpio SUV spied testing in...
Aditya Chatterjee | 13 May 2019
Indian car and motorcycle companies have...
Aditya Chatterjee | 04 May 2019

Latest Videos

Loading...
Advertisement

Find Car/Bike

CARS
BIKES
Advertisement
Loading...
Subscribe To Newsletter
email-bg submit arrow
od logo
X
Get the latest auto updates delivered to your mailbox!
emailbbg submitarrow