ID :
38940
Mon, 01/05/2009 - 18:06
Auther :

SAIC injects US$45 mln to Ssangyong Motor

SEOUL, Jan. 5 (Yonhap) -- China's Shanghai Automotive Industry Corp. (SAIC) has
provided US$45 million to ailing local affiliate Ssangyong Motor Co., the South
Korean automaker said Monday.
Ssangyong and SAIC have been in talks to stave off a liquidity crisis, Ssangyong
said in a statement.
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