SsangYong keeps RP business despite bankruptcy

The local partner of SsangYong Motor Co. (SYMC) said it has ample supply of SsangYong vehicles and parts to sustain operations in the Philippines.
Jan 19, 2009

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.

View other articles about:
WE RECOMMEND
MORE FROM THE SUMMIT MEDIA NETWORK
SPONSORED CONTENT
  • Quiz Results

  • TGP Rating
    --/20
    Engine
    --
    Power
    --
    Torque
    --
    Transmission
    --
    Fuel
    --
    1.8 E CVT
    Starts at P1,110,000
    TGP Rating:
    --/20
    Pros
    Light on amenities, Honda kept styling it long after it was done.
    Cons
    Light on amenities, Honda kept styling it long after it was done.
    Verdict
    Honda’s winningest combination comes when you opt for a six-speed manual transmission available in the Civic hatchback Sport, in which …
    Learn More
  • TGP Rating:
    /20

    Starts at ₱

    TGP Rating:
    /20
    Starts at ₱