Volkswagen could take over Ssangyong

It appears Volkswagen isn’t busy enough with getting Porsche and being its sole owner. VW is now bent on taking over the South Korean automaker SsangYong Motor, which is operating under bankruptcy protection.

Months ago, SsangYong suffered a vicious strike when hundreds of workers decided to occupy a factory and shut down production entirely. Volkswagen has neither confirmed nor refuted the reports so far but it is believed that SAIC, the former SsangYong owner, collaborated with VW through the Shanghai VW joint venture.
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dumpsty - 9/29/2009 11:51:16 AM

+1 Boost

you forgot SAAB and Lamborghini. their biggest problem was that they didn't eliminate factory capacity and trim production staff when they made most of those acquisitions. Yes, it would have been a PR nightmare, but GM would have remained a bit leaner.

This may be a smart purchase for VW if true b/c it could give them a more stable hold in the Asian markets with locally controlled manufacturing facilities that would definitely service the Chinese market.

lexusrox123 - 9/29/2009 9:31:09 PM

+1 Boost

good looking suv there...

wins555 - 9/29/2009 10:04:47 PM

+1 Boost

Have you seen the current Ssangyong lineup of vehicles for sale???????