Ssangyong files for bankruptcy

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  • #132902
    joss
    Moderator

      https://www.bloombergquint.com/business/mahindras-south-korean-subsidiary-ssangyong-motor-files-for-bankruptcy.

      Joss
      Current car: Peugeot 308 GT Premium 1.2 Pure tech Petrol.
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      #132912
      Oscarmax
      Participant

        Looks like another 5 car off the system then, and last month they were in talks as regards taking over from Colts cars the import and franchise of Mitsubishi ?

        Unfortunately I have suffered a brain injury and occasionally say the wrong thing.

        #132922
        Azzy

          So how were they planning to buy Mitsubishi car UK?

          strange

          #132923
          72 dudes

            No Azzy, they weren’t buying Mitsubishi, which is a huge company, they were looking to link up with Colt, who import Mitsubishis into the UK.

            Don’t know if you’re old enough to remember the Colt Sapporo, Galant etc in the 1970s. They originally were known as Colts.

            #132929
            alan1302
            Participant

              Looks like another 5 car off the system then, and last month they were in talks as regards taking over from Colts cars the import and franchise of Mitsubishi ?

              Have to see if any other companies are interested in purchasing them on the cheap – there could be parts of the company that someone may be interested in

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