Ssangyong Motor aims to turn around this year - CEO | Reuters

SEOUL South Korean automaker Ssangyong Motor Co, owned by India's Mahindra & Mahindra, aims to turn around this year, its chief executive said on Tuesday, as it bolstered its line-up for sport utility vehicles (SUVs).

This would be the first annual operating profit since 2007 for the country's smallest automaker, which was rescued by Mahindra in 2011 from the brink of bankruptcy following the global financial crisis.

The remarks by CEO Choi Johng-sik were made during a launching event for its Tivoli Air compact SUV, an extended version of its Tivoli subcompact SUV.

(Reporting by Hyunjoo Jin; Editing by Gopakumar Warrier)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 08, 2016 10:15 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See