Ssangyong shuts down with hundred billion debt

Korea’s smallest manufacturer, which had a strong collaboration with Mercedes Benz, (salvaging all the latter’s old technology), and was always at the ‘forefront’ of automotive design; with notable examples such as the Ssangyong Actyon coupe SUV that debuted almost 2 years ahead of the ‘World’s First’ Coupe SUV.

It’s now confirmed that Ssangyong had packed up, amidst the increasingly difficult financial turmoil, with 100 billion WON in debt ($77 million USD), Ssangyong was unable to clear even December’s payroll, and to halt all operations by shutting down its manufacturing plants.

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SsangYong Rexton R-Line now available in UK

The customized version of the Rexton, shown on the SsangYong stand at this year’s British International Motor Show, is now an additional model in the SsangYong range, priced at £29,995 on-the-road.

Built at Project Kahn’s Bradford facility, the Rexton R-Line is based on the Rexton 270 SPR - that is priced at £24,995. R-Line now adds more luxury and design flair.

Immediately obvious are the Kahn Design 22 inch RST alloy wheels. Performance and handling are improved with a Kahn Design sports exhaust and a lower center of gravity from the sports suspension springs.

Continue to read: SsangYong Rexton R-Line now available in UK