Ssanyong unable to pay workers

[phillyc]

Yep, the Korean brand which is now majority Chinese owned is facing huge troubles. It has $77M USD worth of employee pay it doesn't have funds for.

Before everyone jumps for joy at the likely destruction of a brand that builds some of the ugliest cars ever produced, think about this.

DSI (the new name for Ion / BTR) are a major supplier of transmissions to this firm. They had also been working on using the 6spd hybrid drivetrain that fits inside the current 4spd (ie Falcon E-Gas, RWD Terri gearbox) for future SsangYong products.

This could be a huge blow to DSI.

http://www.caradvice.com.au/20024/ss...ing-backwards/

NB IMO Why Ford Aus didn't adopt this spd hybrid gearbox, i'll blame on Gorman.

[Fev]

I have to agree im happy to see the company go because those cars.. Ugh!! eyesore of the driving world - worse then the Epica! but sad to hear so many employees will be losing their jobs.. I hope DSI pull out of it well

[SM1DY]

I guess we'll be seeing a few more threads like this, Ssangyong not the first to get into trouble and they surely won't be the last. So much for a Merry christmas for all the employees at Ssangyong.

[Jesk]

well the blind man who designs the bodies of their cars shouldnt notice getting monopoly money!

[MethodX]

The New chairman that was supposed to be coming, was not a bad looker.
and 5 litre V8.

http://www.worldcarfans.com/9080213....man-w-revealed

But ya, I hope the poor sods get paid.

[axeray]

Originally Posted by Jesk

well the blind man who designs the bodies of their cars shouldnt notice getting monopoly money!

On a serious note. You gotta feel for the employees.

[thefargo]

Originally Posted by SM1DY

I guess we'll be seeing a few more threads like this, Ssangyong not the first to get into trouble and they surely won't be the last. So much for a Merry christmas for all the employees at Ssangyong.

I thought most workers would be followers of the muslim faith; and muslims dont celebrate christmas.

[Fordman1]

Originally Posted by thefargo

I thought most workers would be followers of the muslim faith; and muslims dont celebrate christmas.

Since when are the majority of Koreans Muslim ??

Not.............

[GTP-814]

[QUOTE=Fev]eyesore of the driving world - worse then the Epica!

Thats a big call as the Epica is very fugly..but I agree it has to go

[Yellow_Festiva]

Oh man..... we do have some very unworldy people here don't we? :

Koreans are by majority very stout CHRSITIANS.... (They LOVE their Pork.. more so than beef BTW)

I go to Korea once or twice a year to help run Winter / Summer school vacation camps.

This Winters student numbers are way down on previous years. Everyone is hurting.

My bags are packed... Departing Boxing day morning, returning Australia day just in time to go back to my own school the following day. :

[SM1DY]

Originally Posted by thefargo

I thought most workers would be followers of the muslim faith; and muslims dont celebrate christmas.

Originally Posted by From Wikipedia

Religion in Korea encompasses a number of different traditions. Traditional Buddhism, Confucianism, Korean shamanism and Taoism, as well as nowaday Christianity all play a role in Korea's religious tradition.

Hmm...guess your wrong. Merry christmas Ssangyong!

[XRtowcar]

Just as well they copied a Benz again for the Chairman cos they can't design a decent car on their own. About time a bit of rationilization happened in the auto market. Chrysler next.

[thefargo]

Well I've learnt something today. Apologies to the korean christians, and I wish them the best for the festive season. Albeit without their pay!

[ebxr8240]

Originally Posted by Yellow_Festiva

Oh man..... we do have some very unworldy people here don't we? :

Koreans are by majority very stout CHRSITIANS.... (They LOVE their Pork.. more so than beef BTW)

I go to Korea once or twice a year to help run Winter / Summer school vacation camps.

This Winters student numbers are way down on previous years. Everyone is hurting.

My bags are packed... Departing Boxing day morning, returning Australia day just in time to go back to my own school the following day. :

Vacation !! This is Aussie MATE !!!
Holliday..

[Yellow_Festiva]

Originally Posted by ebxr8240

Vacation !! This is Aussie MATE !!!
Holliday..

Good point! I have already started work a few days ago due to the fact that that I Skype teachers prior to their departure... they (Koreans / Americans) use the word vacation, so i'm just used to saying that as well when I talk about my overseas work.

But between you and me, and the rest of the Aussies... I'm goin on holidays ;) -5 degrees and can't wait. :

[Streets]

Originally Posted by MethodX

The New chairman that was supposed to be coming, was not a bad looker.

Not being familiar with Ssangyongs myself, I clicked that link expecting to see one of those hot business suit wearing nymphomaniac career women. Disappointed.

[The Mighty Red]

Originally Posted by phillyc

Yep, the Korean brand which is now majority Chinese owned is facing huge troubles. It has $77M USD worth of employee pay it doesn't have funds for.

Before everyone jumps for joy at the likely destruction of a brand that builds some of the ugliest cars ever produced, think about this.

DSI (the new name for Ion / BTR) are a major supplier of transmissions to this firm. They had also been working on using the 6spd hybrid drivetrain that fits inside the current 4spd (ie Falcon E-Gas, RWD Terri gearbox) for future SsangYong products..

What no goverment bail out??????? :rolleyes:

[MethodX]

Originally Posted by Streets

Not being familiar with Ssangyongs myself, I clicked that link expecting to see one of those hot business suit wearing nymphomaniac career women. Disappointed.

Sorry the governments new net filter blocked it out.

[Bossxr8]

Whe the engine plant was due to close, a gearbox manufacturer was rumoured to be wanting to buy the plant to make a new type of auto gearbox, but it depended solely on Ford using it in the Falcon. Guess who.

Can't happen now.

[Darkr]

Originally Posted by MethodX

Sorry the governments new net filter blocked it out.

Not even the test is active yet :P

[XRtowcar]

Ssanyong is into receivership to hopefully prevent collapse.
http://www.nytimes.com/2009/01/10/bu...n.html?_r=1&hp
Dont know if they will survive though.

[Mr Hardware]

no great loss; silly vehicles for silly people.

[phillyc]

Originally Posted by The Mighty Red

What no goverment bail out??????? :rolleyes:

No, because the firm is now majority owned by Chinese firm, SAIC. The Sth Korean & Chinese governments dont exactly get along! Therefore 'no money for you!'

[Luke Plaizier]

Originally Posted by phillyc

DSI (the new name for Ion / BTR) are a major supplier of transmissions to this firm. They had also been working on using the 6spd hybrid drivetrain that fits inside the current 4spd (ie Falcon E-Gas, RWD Terri gearbox) for future SsangYong products.

NB IMO Why Ford Aus didn't adopt this spd hybrid gearbox, i'll blame on Gorman.

Mate, have you got any links or information in the 6sp Hybrid Drivetrain you mention?

Would be worthy of a new thread too if you did....


Lukeyson

[vztrt]

SsangYong turnaround plan still in limbo

http://www.goauto.com.au/mellor/mell...257669001ECC4B

[xy500]

Originally Posted by XRtowcar

Just as well they copied a Benz again for the Chairman cos they can't design a decent car on their own. About time a bit of rationilization happened in the auto market. Chrysler next.

chrysler seems to be doing better than gm or ford in the states, so maybe we'll lose ford first?

[Polyal]

Originally Posted by xy500

chrysler seems to be doing better than gm or ford in the states, so maybe we'll lose ford first?

Thats a strange statement considering your avatar.

[Bossxr8]

Originally Posted by xy500

chrysler seems to be doing better than gm or ford in the states, so maybe we'll lose ford first?

[xy500]

Originally Posted by Bossxr8

geez you guys no thinkum much well eh