SsangYong Motor

SsangYong Motor Company(Korean: ,

IPA: [sajo dadota]) (meaning Double Dragons Motor Vehicles) is the fourth largest South Korea-based
automobile manufacturer owned by Mahindra & Mahindra Limited.* [3]

In mid-1963, the two companies merged into Ha Donghwan Motor Co.* [7]* [8]
In 1964, Hadonghwan Motor Company started building
jeeps for the US Army as well as trucks and buses. Beginning in 1976, Hadonghwan produced a variety of special
purpose vehicles. After changing its name to Dong-A
Motor in 1977, it was taken over by SsangYong Business
Group in 1986 and changed its name to SsangYong Motor.* [9] In 1987, it acquired United Kingdom-based specialty car maker Panther Westwinds.* [9]

A 70% share of SsangYong was acquired by the Indian

company Mahindra & Mahindra Limited, in February
2011,* [4] after being named the preferred bidder in
2010 to acquire the bankruptcy-protected company.* [5]
Mahindra's acquisition was approved by South Korea's
Free Trade Commission.* [6]
In 1991, SsangYong started a technology partnership
with Daimler-Benz. The deal was for SsangYong to develop an SUV with Mercedes-Benz technology. This was
supposedly to allow SsangYong to gain footholds in new
1 History
markets without having to build their own infrastructure
(utilizing existing Mercedes-Benz networks) while giving
Mercedes a competitor in the then-booming SUV market.* [10] This resulted in the Musso, which was sold rst
by Mercedes-Benz and later by SsangYong.* [11]
SsangYong further beneted from this alliance, long after Daimler-Benz stopped selling the Musso, producing a
badge engineered version of the Mercedes-Benz MB100,
the Istana and using Daimler designs in many other
models, including the second-generation Korando (engine and transmission), the Rexton (transmission),* [12]
the Chairman H (chassis and transmission)* [13] and the
Kyron (transmission).* [14]
In 1997, Daewoo Motors, now Tata Daewoo, bought a
controlling stake from the SsangYong Group, only to sell
it o again in 2000, because the conglomerate ran into
deep nancial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company.

Firetrucks produced by SsangYong and its predecessor, Dong-A

Motor.

In January 2009, after recording a $75.42 million loss,

the company was put into receivership. This may have
been due to the global economic crisis and shrinking demand.* [15] On August 14, 2009, worker strikes nished
at the SsangYong factory and production commenced
again after 77 days of disruption.* [16] Company employees and analysts have also blamed SAIC for stealing
technology related to hybrid vehicles from the company
and failing to live up to its promise of continued investment.* [17]* [18] SAIC denied allegations of technology
The Musso was a result of collaboration between SsangYong and
theft by the company's employees.* [19] However, SAIC
Daimler-Benz.
was charged by the South Korean prosecutor's oce for
violating company regulations and the South Korean law
SsangYong originally started out as two separate comwhen it ordered and carried out the transfer of SsangYpanies; Ha Dong-hwan Motor Workshop (established in
ong's proprietary technology developed with South Ko1954) and Dongbang Motor Co (established in 1962).
1

REFERENCES

3 Model lineup

4 See also
List of Korean car makers
Mahindra Group
Economy of South Korea
SsangYong's hybrid technology.

rean government funding over to SAIC researchers.* [20]

In 2010, Daewoo Motor Sales was dropped by General
Motors. The long-time dealership partner then signed
a deal with the SsangYong Motor Company to supply
new vehicles to sell (specically the Rodius, Chairman
W and Chairman H), in return for the injection of
20,000,000,000 ($17.6 million) into the car maker still
recovering from bankruptcy. The deal is non-exclusive,
meaning SsangYong will also sell vehicles through private
dealers.* [21]
In April 2010, the company released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%.* [22] The companies were
later revealed to be Mahindra & Mahindra and the
Ruia Group of India and SM Aluminum, Seoul Investments and French-owned Renault Samsung Motors of
South Korea.* [23]* [24] In August 2010, Mahindra &
Mahindra Limited was chosen as the preferred bidder
for SsangYong.* [25] The acquisition was completed in
February 2011* [4]* [26] and cost Mahindra 522.5 billion
Won.* [27]

Factories
South Korea (Pyeongtaek). Main factory. Produces
a complete range.
Russia (Vladivostok). Russian company Sollers JSC
manufactured SsangYong Korando as New Actyon,
Kyron, Rexton II, Actyon Sports and its upgraded
version SUT1.
Ukraine (Kremenchuk). Kremenchuk ar Assembly Plant (KrASZ) manufactured Korando, Kyron,
Rexton II.

5 References
[1] Annual Report 2013. Korean Automobile Industry
(PDF). Korea Automobile Manufacturers Association.
ISBN 978-89-8056-042-4. Archived (PDF) from the
original on 2013-08-22. Retrieved 2013-08-21.
[2] 2012 Consolidated Financial Statements (PDF).
SsangYong Motor. Retrieved 2013-08-22.
[3] Ssangyong Motors. Smotor.com. Retrieved 2011-0225.
[4] Nandini Sen Gupta, TNN, Feb 16, 2011, 12.56am IST
(2011-02-16). M&M seals $470m Ssangyong deal The Times of India. Timesondia.indiatimes.com. Retrieved 2011-02-25.
[5] Seo, Sookyung (2010-10-13).Mahindra May Complete
Acquiring Ssangyong Controlling Stake in Early 2011.
Bloomberg.com. Retrieved 2011-02-25.
[6] South Korea's watchdog nods Mahindra buy of Ssangyong. Livemint.com. 2010-10-29. Retrieved 2011-0225.
[7] Archived April 14, 2009, at the Wayback Machine.
[8] Dastidar, Surajit Ghosh (2011). Mahindra and Mahindra's Acquisition of SsangYong Motor Company(PDF).
Vidwat Journal. EBSCO Publishing. 4 (2): 3138. ISSN
0975-055X. Retrieved 2013-08-22.
[9] Archived December 29, 2008, at the Wayback Machine.
[10] Musso-Mercedes match was a rocky road - www.drive.
com.au". Drive.com.au. 2000-05-18. Retrieved 200909-19.
[11] David Morley (2000-05-18). Musso-Mercedes match
was a rocky road. Fairfax Media. Retrieved 2011-0321.
[12] Jonathan Hawley (2004-07-04). Old-fashioned values
. Fairfax Media. Retrieved 2011-03-21.
[13] Bruce Newton (2005-05-10). SsangYong Chairman
CM600S. Fairfax Media. Retrieved 2011-03-21.
[14] Bruce Newton (2006-05-31). SsangYong Kyron.
Fairfax Media. Retrieved 2011-03-21.

[15] Feb. 24, 2011 (2009-01-09). Article from. MarketWatch. Retrieved 2011-02-25.
[16] INSIDE JoongAng Daily. Joongangdaily.joins.com.
2009-08-14. Retrieved 2009-09-27.
[17] S.Korea Co Ssangyong Motor Awaits Key Ruling On
Turnaround Plan. TradingMarkets.com. Retrieved
2011-02-25.
[18] Sebastian Blanco (2009-10-12). REPORT: SAIC stole
hybrid technology, says Ssangyong. Autoblog Green.
Retrieved 2011-03-21.
[19] "' ' " " ". Asiae.co.kr. Retrieved 2011-02-25.
[20] " , : : : ".
News.donga.com. 2009-11-12. Retrieved 2011-02-25.
[21] INSIDE JoongAng Daily. Joongangdaily.joins.com.
2010-03-24. Retrieved 2011-02-25.
[22] Saefong, Myra P. (2010-04-08). Asia Follows Wall
Street Lower. The Wall Street Journal.
[23] End of speculation: Mahindra enters the fray for ailing
Ssangyong Motor | Indian Cars & Motorcycles Blog.
Indiancarsbikes.in. 2010-05-17. Retrieved 2011-02-25.
[24] Business nance news - currency market news - online UK currency markets - nancial news - Interactive
Investor. Iii.co.uk. Retrieved 2011-02-25.
[25] Mahindra chosen preferred bidder for Ssangyong Motors. Sify.com. 2010-08-12. Retrieved 2011-02-25.
[26] UPDATE: Mahindra Aims To Complete Ssangyong Acquisition In Four Months. The Wall Street Journal. 201008-25.
[27] Mahindra reportedly inks deal to buy Ssangyong for
$463M. Autoblog. 23 November 2010. Retrieved 23
November 2010.
[28] Batchelor, James (24 December 2014). SsangYong reveals Tivoli small SUV in production form. Auto Express. Retrieved 25 February 2015.

External links
SsangYong Motor Company English Homepage
SsangYong Motor Company Australian Homepage

7 TEXT AND IMAGE SOURCES, CONTRIBUTORS, AND LICENSES

Text and image sources, contributors, and licenses

7.1

Text

SsangYong Motor Source: https://en.wikipedia.org/wiki/SsangYong_Motor?oldid=733243085 Contributors: Vicki Rosenzweig, Liftarn,

Vardion, Alain~enwiki, Kokiri, Gadum, Sfoskett, Rich Farmbrough, Milkmandan, Kwamikagami, Ce garcon, Bobo192, Longhair, Harald Hansen, L.Willms, Visviva, Dennis Bratland, Woohookitty, FlaBot, NekoDaemon, GagHalfrunt, ApolloBoy, Chobot, Check two you,
TexasAndroid, Ksyrie, Vlad, Boivie, Randy K, Whobot, Appleby, Ominae, Mirmo!, Slo-mo, Chris the speller, DHN-bot~enwiki, Tsca.bot,
Alexmcre, Stevenmitchell, Joelo, Xiaphias, HennessyC, Cydebot, HawkShark, Thijs!bot, Mojo Hand, Grayshi, WinBot, Naraibot,
OSX, TuvicBot, Mkuipers, Areaseven, Charles01, KuwarOnline, Faizhaider, PC78, Mrceleb2007, Loadbeta, Idioma-bot, Hugo999, Jamcib~enwiki, TXiKiBoT, Typ932, HyundaiMotorCompany~enwiki, Cydevil38, SieBot, Regushee, Pedrovitorh2, Xavigivax, 718 Bot, C628,
DumZiBoT, Daewooarca, Addbot, AkhtaBot, Afonred, Luckas-bot, Yobot, Pineapple fez, Materialscientist, Xqbot, Capricorn42, Sorrow
316, Peterdx, , JosefBranson, Asfarer, Skcpublic, FrescoBot, Doksuri, A Second Man in Motion, Biker Biker, Aizuku,
Degen Earthfast, Nickorulz1, King Zebu, RedBot, MaaManCZ, Dinamik-bot, Vrenator, RjwilmsiBot, Eclipsa, EmausBot, Cyseo0219,
Dcirovic, ZroBot, RaymondSutanto, Rangoon11, ClueBot NG, BaboneCar, , Winston786, KLBot2, BG19bot, Dilipurmila, Urbanoc, BattyBot, Cyberbot II, Dexbot, Mogism, 73, Jemappelleungarcon, Seqqis, James3675, YOMAL SIDOROFF-BIARMSKII,
Arun1995knp, Joppa Chong, Sasha1550, Judeonwiki123, Steeevooo, Msrelia7310, GreenC bot and Anonymous: 91

7.2

Images

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7.3

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File:Ssangyong_Chairman_--_Korea.jpg Source: https://upload.wikimedia.org/wikipedia/commons/2/2c/Ssangyong_Chairman_--_

Korea.jpg License: Public domain Contributors: Own work Original artist: Mark H
File:Ssangyong_Korando_D20T_2013_(9612375820).jpg
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2013 Original artist: order_242 from Chile
File:Ssangyong_Musso_Sports.jpg Source:
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File:Ssangyong_Tivoli.jpg Source: https://upload.wikimedia.org/wikipedia/commons/5/5e/Ssangyong_Tivoli.jpg License: CC BY-SA
4.0 Contributors: Own work Original artist: Minseong Kim
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