SsangYong Actyon

We got a little more information from Phoenix Motorcars today about the introduction of the company's "newly configured Sports Utility Truck" this week. As we mentioned this morning, the SUT has been a long time coming and Bryon Bliss, Phoenix Motorcars' VP of sales and marketing, said that:

Last year at the Paris Motor Show, Ssangyong showed off a concept CUV called the C200, and it's reportedly getting close to production. Despite the sorry state of affairs at the Korean automaker, a slightly revised version of the crossover will be shown at the upcoming Seoul Motor Show. Like the ...

Last April, the SsangYong's future looked bright, with new diesel hybrid technology and a 20-vehicle global line-up trumpeted loudly. Things went downhill after that, with the company going into receivership (like Chapter 11 bankruptcy) and ...

When SsangYong went into receivership last week, the question we naturally had was "What happens to Phoenix Motorcars now?" We still don't know for sure, but we might not need that answer right away if reports in Automotive News Europe ...

Just after SAIC provided some cash to keep Ssangyong operating a while longer, the company's board decided to go ahead and file for court receivership in South Korea. Under the rules there, the court has thirty days to decide if the company has what it takes to survive as a going concern. If the ...