Ssangyong bankruptcy convicted Phoenix?

Immediately after a slightly SAIC money to continue working Ssangyong a little time, the Board of Directors of the Company has decided to forward and folders for the Court of the Republic of Korea. Under the rules, the judge has thirty days to decide whether the company has everything you need to survive as a business. If the application is approved, a receiver's name the activity of the company, although it has been restructured. In the event of rejection of the company will probably close, because it appears unlikely that SAIC keep the money after bad.

Ssangyong never exported their vehicles for the American market (an event which caused the vehicles more attractive pine, like the Pontiac Aztec) May this does not appear to be of relevance. However, Ssangyong is the introduction of the chassis, the car for the Phoenix SUT and SUV. We have tried to deal with Phoenix to comment on the situation, but the representatives of the companies have not responded. We will inform you if they are not. Until then, if you Ssangyong belly, the end for Phoenix and.