2021.05.19 (수)

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SsangYong Motor goes back under court for review on liquidation or resale

  • No : 927372
  • 작성자 : 김대순
  • 작성일 : 2021-04-16 14:14:24
  • 조회수 : 28
  • 추천수 : 0

SsangYong Motor goes back under court for review on liquidation or resale SsangYong Motor Co. goes under court management for the second time in a decade as it failed to find an investor in place of outgoing Indian carmaker Mahindra & Mahindra Ltd. A Seoul bankruptcy court named SsangYong Motor Executive Vice President Jung Yong-won a manager as it proceeds with review on whether to liquidate or rescue the SUV-focused employer of nearly 5,000 or 20,000 when including the supply chain upon agreement with Korea Development Bank and other creditors. The court has embarked on reorganization process which had been put on hold since court receivership filing in December to allow the carmaker more time to court a new investor.