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RENAULT EYES BUYING KOREA'S SSANGYONG MOTORS.
SEOUL, Dec 1 Asia Pulse - France's Renault SA has jumped into the bidding race for financially-troubled Ssangyong Motor Co. (KSE:003620), industry sources said Sunday.
More than eight auto companies, including Renault, have offered bids for the South Korean carmaker specializing in sport utility and recreational vehicles, according to Samil Accounting Corp., which is in charge of managing the sale.
Renault is reportedly using its Korean joint venture, Renault-Samsung Motor Co., to be picked as the preferred bidder for Ssangyong ahead of the official presentation of letters of Intent to Ssangyong creditors, scheduled for Dec. 11.
Renault acquired the now-defunct Samsung Motors and launched Renault-Samsung Motor in September 2000.
Sources said Renault is seeking ...
- Renault Eyes Buying Korea's Ssangyong Motors.
- News wire article from: YON - Yonhap News Agency of Korea November 30, 2003 700+ words
...Korean joint venture, Renault-Samsung Motor Co., to be picked as the preferred...Motors and launched Renault-Samsung Motor in September 2000. Sources...synergy from the acquisition of Ssangyong Motors as it would strengthen Renault...
- CHINA'S BLUESTAR TO TAKE MORE DUE DILIGENCE OF SSANGYONG MOTORS.
- News wire article from: AsiaPulse News February 9, 2004 700+ words
...begin an additional due diligence of Ssangyong Motors (KSE:003620) to finalize the takeover...conducted a one-day inspection of Ssangyong Motors facilities in Pyeongtaek, 70 kilometers...further due diligence, because the Ssangyong Motors union plans to block further inspection...
- China's Bluestar to Take More Due Diligence of Ssangyong Motors.
- News wire article from: YON - Yonhap News Agency of Korea February 8, 2004 700+ words
...begin an additional due diligence of Ssangyong Motors to finalize the takeover of the debt...conducted a one-day inspection of Ssangyong Motors facilities in Pyeongtaek, 70 kilometers...further due diligence, because the Ssangyong Motors union plans to block further inspection...
- Ssangyong Motors Denies Rumors of Sale to Chinese Carmaker.
- News wire article from: YON - Yonhap News Agency of Korea October 17, 2003 700+ words
...SEOUL, Oct. 17 (Yonhap) -- The president of Ssangyong Motors Co. strongly denied allegations Friday that the...January. "I've never talked about a selloff (of Ssangyong Motors to Shnghai Huizhing)," So said. "Any sale would...
- SSANGYONG MOTORS DENIES RUMORS OF SALE TO CHINESE CARMAKER.
- News wire article from: AsiaPulse News October 17, 2003 700+ words
SEOUL, Oct 17 Asia Pulse - The president of Ssangyong Motors Co. (KSE:003620) strongly denied allegations...January. "I've never talked about a selloff (of Ssangyong Motors to Shnghai Huizhing)," So said. "Any sale would...
- American Axle & Manufacturing Announces New Business with Ssangyong Motors.
- Press release article from: PR Newswire February 12, 2004 700+ words
...contract (LPC) for new business with Korean automaker Ssangyong Motors. This contract is expected to provide AAM with revenues...Plan between AAM and Ssangyong that is intended to provide Ssangyong Motors with world-class driveline technology, products and...
- SSANGYONG MOTORS WORKERS CLASH DURING UNION STRIKE.
- News wire article from: AsiaPulse News June 26, 2009 700+ words
PYEONGTAEK, South Korea, June 26 Asia Pulse - Striking workers at South Korea's troubled Ssangyong Motors (KSE:003620), currently under bankruptcy protection, clashed with fellow employees who crossed picket lines to enter the...
- Ssangyong Motors workers clash during union strike.
- News wire article from: YON - Yonhap News Agency of Korea June 27, 2009 700+ words
PYEONGTAEK, South Korea, June 26 (Yonhap) -- Striking workers at troubled Ssangyong Motors, currently under bankruptcy protection, clashed with fellow employees who crossed picket lines to enter the company plant on...