The local partner of SsangYong Motor Co. (SYMC) said it has ample supply of SsangYong vehicles and parts to sustain operations in the Philippines.
SsangYong Auto Philippines Co. (SAPCO) said its communication lines with the troubled South Korean car manufacturer remains open after SsangYong filed for court receivership, declared bankruptcy, and suspended production.
"Directions and requirements are being discussed and acted upon. The problem at SYMC will hopefully be a short-term setback as all major parties concerned have acted out swiftly while continuously weighing rehabilitation options," said SAPCO representative Rody T. Arcenas in an e-mail sent to TopGear.com.ph.
SAPCO distributes the Rexton II as well as three variants of the Actyon and the Stavic in the local market.
SsangYong has showrooms in the Quezon City and Makati City.
No information was given on SsangYong's sales volume in 2008 and its outlook for 2009.
"The bottom line is it remains viable to do business with SYMC. In the Philippines, we have substantial inventory of units and parts," Arcenas said.