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SSANGYONG MOTOR SACKS 8 EXECS AMID GRIM EARNINGS FORECASTS.
SEOUL, Feb 1 Asia Pulse - Ssangyong Motor Co. (KSE:003620), controlled by Chinese automaker Shanghai Automotive Industry Corp., said Wednesday it has sacked eight executives in the company's second senior-level cutback in two months.
The announcement came amid analysts' expectations that the South Korean automaker may swing to the red in 2005, marking the first yearly net loss in five years.
"Eight executives left as of Jan. 31," said Kim Beok-seok, a spokesman at Ssangyong Motor.
But the spokesman denied a report by leading daily Chosun Ilbo on Wednesday that Shanghai Automotive fired the executives to boost its control over Ssangyong Motor.
The Korean car manufacturer probably ...
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- News wire article from: The America's Intelligence Wire October 28, 2004 700+ words
...troubled Ssangyong Motor Co. signed...China's Shanghai Automotive Industry...Ssangyong, Shanghai Automotive can provide...Securities Co. "Shanghai Automotive, in exchange...technology." Ssangyong Motor, South Korea...
- SHANGHAI AUTOMOTIVE TO CUT SSANGYONG MOTOR'S WORKFORCE.
- News wire article from: AsiaPulse News June 19, 2006 700+ words
...expenses. "The labor union of Ssangyong Motor should share the agony in the...Murtaugh, vice president of Shanghai Automotive Industry Corp., said to Korean...discomfort for the union of Ssangyong Motor, which has been hit by falling...
- Ssangyong Motor likely to be sold to Shanghai Automotive, BUSINESS KOREA.
- News wire article from: Worldsources Online July 2, 2004 700+ words
...Datafile URL: http://www.mk.co.kr/ Ssangyong Motor is likely to be sold to Shanghai Automotive Shanghai Automotive Industry Corp. (SAIC...bidding for the takeover of South Korea's Ssangyong Motor Co., creditors said Wednesday. "In...
- Ssangyong Motor likely to be sold to Shanghai Automotive, BUSINESS.
- News wire article from: The America's Intelligence Wire July 2, 2004 700+ words
...URL: http://www.mk.co.kr/ Ssangyong Motor is likely to be sold to Shanghai Automotive Shanghai Automotive Industry Corp. (SAIC...bidding for the takeover of South Korea's Ssangyong Motor Co., creditors said Wednesday. "In...
- Shanghai Automotive Executive to Sit on Ssangyong Motor's Board.
- News wire article from: Asia Africa Intelligence Wire January 13, 2005 700+ words
...Yonhap) -- Ssangyong Motor Co., taken...China's Shanghai Automotive Group in...last year, Shanghai Automotive Industries...stake in Ssangyong Motor, a manufacturer...million. Shanghai Automotive Group, is...
- (LEAD) Shanghai Automotive confirms early retirement for Ssangyong Motor...
- News wire article from: YON - Yonhap News Agency of Korea June 19, 2006 700+ words
...labor union of Ssangyong Motor should share...president of Shanghai Automotive Industry Corp...retirement package, Shanghai Automotive will seek first...the union of Ssangyong Motor, which has...October 2004, Shanghai Automotive, China's...percent stake in ...
- SHANGHAI AUTOMOTIVE TO ACQUIRE SSANGYONG MOTOR.
- News wire article from: Asia Africa Intelligence Wire October 25, 2004 700+ words
...The acquisition of Ssangyong Motor Co (KSE:003620...Korea, by China's Shanghai Automotive Industry Corp...Chinese automaker and Ssangyong Motor are scheduled to...and management of Ssangyong Motor resolving most differences...
- Shanghai Automotive Vows to Bid for Ssangyong Motor.
- News wire article from: Asia Africa Intelligence Wire July 8, 2004 700+ words
...SinoCast -- Shanghai Automotive Industry Corporation...will bid for Ssangyong Motor, a premier...unveiled a Ssangyong Motor's creditor...letters and now Shanghai Automotive and a US fund...At present, Shanghai Automotive has set its...transaction. ...
- Shanghai Automotive's Acquisition of Ssangyong Motor Impending.
- News wire article from: Asia Africa Intelligence Wire October 24, 2004 700+ words
...The acquisition of Ssangyong Motor Co, the fourth...Korea, by China's Shanghai Automotive Industry Corp...Chinese automaker and Ssangyong Motor are scheduled to...and management of Ssangyong Motor resolving most differences...
- SHANGHAI AUTOMOTIVE EXECUTIVE TO SIT ON SSANGYONG MOTOR'S BOARD.
- News wire article from: Asia Africa Intelligence Wire January 13, 2005 700+ words
...Asia Pulse - Ssangyong Motor Co. (KSE...China's Shanghai Automotive Group in...last year, Shanghai Automotive Industries...stake in Ssangyong Motor, a manufacturer...million. Shanghai Automotive Group, is...
Source: HighBeam Research, SSANGYONG MOTOR SACKS 8 EXECS AMID GRIM EARNINGS FORECASTS.