SsangYong in trouble

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Wed 23 Dec 2020 18:25
SsangYong in trouble - KB.

Seems they've filed for bankruptcy.

The UK managing director says:

Whilst this situation is not ideal, I strongly believe that the Autonomous Restructuring Programme will result in the birth of a stronger company. I want to reiterate that our UK operations are totally unaffected, and we are very much open for business.”

Gotta be honest and say that, even before this announcement, I'd have considered them to be too risky to consider if looking at a new car in the current climate.

At the moment Dacia still look strong if looking at the budget end of the new car market. Be interesting to see if the new Sandero does well next year. If we ignore the extra four and a half inches added to it's girth it would seem a sound purchase. We suppose they're currently working on another Duster too?

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Wed 23 Dec 2020 18:36
SsangYong in trouble - _

www.autoevolution.com/news/2022-dacia-grand-duster...l

New duster?

For a budget car the sanderos isn't bad if you don't get the 65bhp version, but once further up the range, a pre reg kia rio is a better option.

The sandero does look good.

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Wed 23 Dec 2020 18:45
SsangYong in trouble - RT

Seems they've filed for bankruptcy.

The UK managing director says:

Whilst this situation is not ideal, I strongly believe that the Autonomous Restructuring Programme will result in the birth of a stronger company. I want to reiterate that our UK operations are totally unaffected, and we are very much open for business.”

Gotta be honest and say that, even before this announcement, I'd have considered them to be too risky to consider if looking at a new car in the current climate.

At the moment Dacia still look strong if looking at the budget end of the new car market. Be interesting to see if the new Sandero does well next year. If we ignore the extra four and a half inches added to it's girth it would seem a sound purchase. We suppose they're currently working on another Duster too?

"totally unaffected" won't be true if Ssangyong moves from Administration to Receivership - I've seen elsewhere that Mahindra, who own 75%, are looking to sell their share

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Wed 23 Dec 2020 20:56
SsangYong in trouble - Metropolis.
That is a shame. They did go through similar 10 years ago which was when Mahindra bought them. I just hope some CCP backed “company” does not scoop them up like they are everything else.

I would like to see Ssangyong survive, generally decent products, they just seem to get the proportions all funky!
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Thu 24 Dec 2020 13:45
SsangYong in trouble - movilogo

What a shame. I was thinking of getting either Korando or Tivoli XLV as my next car.

If company does not exist then their 7-yr warranty is worthless.

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Sat 26 Dec 2020 22:04
SsangYong in trouble - S40 Man

I tried a Tivoli on an extended test drive. They offered a £10 M&S voucher if I did. It never showed up and the Tivoli was far worse to drive than my old MK4 Mondeo.

Not sad to see them go to be honest. They were at best a niche player anyway.

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Sun 27 Dec 2020 09:41
SsangYong in trouble - _

I tried a Tivoli when it came out. Not for me.

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Sun 27 Dec 2020 09:53
SsangYong in trouble - skidpan

Mate of mine bought a Korando for the wife in the mid 90's to replace a dreadfully unreliable Discovery that was also dissolving faster than you could believe.

A short while later they went bust and became Dawoo who also went bust, seems like they have some experience of this.

It was looked after by our local Merc/BMW/Volvo indy (mate had a BMW followed by a Volvo thus they knew him well). The 2.9 diesel Merc engine was not an issue, the rest of the vehicle was total tat. Parts were not easy to get but the indy normally managed to cross reference to other brands and kept it on the road until the rear axle failed totally which resulted in it being broken for spares. That engine is probably still working somewhere.

If history is repeating itself there are going to be some very annoyed owners shortly.

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Sun 27 Dec 2020 11:11
SsangYong in trouble - RT

Mate of mine bought a Korando for the wife in the mid 90's to replace a dreadfully unreliable Discovery that was also dissolving faster than you could believe.

A short while later they went bust and became Dawoo who also went bust, seems like they have some experience of this.

It was looked after by our local Merc/BMW/Volvo indy (mate had a BMW followed by a Volvo thus they knew him well). The 2.9 diesel Merc engine was not an issue, the rest of the vehicle was total tat. Parts were not easy to get but the indy normally managed to cross reference to other brands and kept it on the road until the rear axle failed totally which resulted in it being broken for spares. That engine is probably still working somewhere.

If history is repeating itself there are going to be some very annoyed owners shortly.

Ssangyong and Daewoo have no connection - Daewoo's original models were Toyota collaborations but when Toyota withdrew they started using previous generation Opels as their basis - eventually they were bought out by GM and renamed the cars as Chevrolets, withdrawing from Europe in 2015.

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Sun 27 Dec 2020 11:18
SsangYong in trouble - Steveieb
What happened to Samsung cars which apparently were Renaults made under licence
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Sun 27 Dec 2020 12:03
SsangYong in trouble - badbusdriver

Ssangyong and Daewoo have no connection

That isn't true.

In 1997 Daewoo bought a controlling stake of Ssangyong. This led to the existing Ssangyong's (the Musso and the Korando) being sold in the UK as Daewoo's. It only lasted till around 2000 as Daewoo themselves got into financial difficulty. But they were certainly connected during those few years.

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Sun 27 Dec 2020 22:34
SsangYong in trouble - alan1302

A short while later they went bust and became Dawoo who also went bust, seems like they have some experience of this.

Daewoo bought a controlling stake but SsangYong never became Daewoo and after a few years Daewoo sold their stake to SAIC. Also Daewoo didn't go bust as the car division was sold to GM as a going concern

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Sun 27 Dec 2020 12:21
SsangYong in trouble - Avant

In this day and age, cars (like many other products) need a USP. It's never been obvious to me what Ssangyong's is (was). People who bought them probably did so because of having a Ssangyong dealer near them.

If it were not for fleet sales with heavy discounting, Vauxhall might have been in the same boat. Fords are better to drive; Skodas are roomier and cheaper.

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Sun 27 Dec 2020 12:29
SsangYong in trouble - skidpan

Ssangyong and Daewoo have no connection

That isn't true.

In 1997 Daewoo bought a controlling stake of Ssangyong. This led to the existing Ssangyong's (the Musso and the Korando) being sold in the UK as Daewoo's. It only lasted till around 2000 as Daewoo themselves got into financial difficulty. But they were certainly connected during those few years.

Exactly what I said. RT needs to do more research.

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Sun 27 Dec 2020 14:09
SsangYong in trouble - RT

Ssangyong and Daewoo have no connection

That isn't true.

In 1997 Daewoo bought a controlling stake of Ssangyong. This led to the existing Ssangyong's (the Musso and the Korando) being sold in the UK as Daewoo's. It only lasted till around 2000 as Daewoo themselves got into financial difficulty. But they were certainly connected during those few years.

Exactly what I said. RT needs to do more research.

Then I stand corrected

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Sun 27 Dec 2020 12:39
SsangYong in trouble - SLO76
“ If it were not for fleet sales with heavy discounting, Vauxhall might have been in the same boat. Fords are better to drive; Skodas are roomier and cheaper.”


In recent years I’d agree, there’s little point to Vauxhall. They don’t make anything class leading or innovative. Their entire range is bland, the Peugeot’s they’re increasingly based on are nicer more honest cars.

However it wasn’t always this way. Vauxhall/Opal made some excellent and very robust cars in the 80’s and 90’s. Cars that appealed and sold on more than just price. Sadly American bean counters did what they do worst and they thought they could make a successful car company by cutting their way to profit and now Vauxhall and Saab are gone. PSA don’t seem to know what to do with the firm and I’d suggest that having three brands all fighting against each other in the same price range is unwise in the longterm.

Mk III Cavalier SRi 130 - Fast and tough family car.
Mk II Astra GTE 16v - Handling was a bit woolly but it thrilled with its speed.
Lotus Carlton - No explanation required
Carlton GSi 24v - Genuinrly good sports saloon
Senator 24v - Police favourite and for many good reasons
Omega pre cost cutting facelift - These were every bit as good as German rivals, even the base 2.0’s.
Nova 1.5 TD - Went like a hot hatch from 30-70 and 50-70 yet did 50mpg and would run to 500k
Cavalier 1.7 TD - A taxi legend, fit for 500k.


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Sun 27 Dec 2020 15:38
SsangYong in trouble - Andrew-T
... now Vauxhall and Saab are gone. PSA don’t seem to know what to do with the firm and I’d suggest that having three brands all fighting against each other in the same price range is unwise in the longterm.

As a close neighbour of Merseyside I have had a mild interest in the future of the Ellesmere Port plant, which has trundled on unspectacularly for many years, sometimes seemingly on borrowed time. When it fell into the PSA empire I wondered what they could be thinking of. I can only assume that the might use the brand for a few years, then quietly forget about it, like they did with Talbot about 40 years ago. After Brexit they can't be wanting to keep it going, can they ?

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Sun 27 Dec 2020 17:07
SsangYong in trouble - _

Citroen-Peugot don't have a brand to compete against Renault/Nissan/Dacia.

The prices of the PSA range are borderline silly.

Pay £20000 for a 208 or !£10000 ish for a new sandero?

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Sun 27 Dec 2020 20:51
SsangYong in trouble - badbusdriver

Citroen-Peugot don't have a brand to compete against Renault/Nissan/Dacia.

The prices of the PSA range are borderline silly.

Pay £20000 for a 208 or !£10000 ish for a new sandero?

The Citroen C3 starts off under £12k. Still a bit of a jump over the Sandero granted, but not huge, and about £2k less than the cheapest Fiesta (I think the 208 actually starts off just over £16k, still too much though).

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Sun 27 Dec 2020 21:06
SsangYong in trouble - RT

Citroen-Peugeot don't have a brand to compete against Renault/Nissan/Dacia.

The prices of the PSA range are borderline silly.

Pay £20000 for a 208 or !£10000 ish for a new sandero?

The Citroen C3 starts off under £12k. Still a bit of a jump over the Sandero granted, but not huge, and about £2k less than the cheapest Fiesta (I think the 208 actually starts off just over £16k, still too much though).

Citroen C1 starts at £10,315 on-the-road - for Toyota quality.

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Sun 27 Dec 2020 21:16
SsangYong in trouble - _

Citroen-Peugeot don't have a brand to compete against Renault/Nissan/Dacia.

The prices of the PSA range are borderline silly.

Pay £20000 for a 208 or !£10000 ish for a new sandero?

The Citroen C3 starts off under £12k. Still a bit of a jump over the Sandero granted, but not huge, and about £2k less than the cheapest Fiesta (I think the 208 actually starts off just over £16k, still too much though).

Citroen C1 starts at £10,315 on-the-road - for Toyota quality.

I was not comparing base model Sandero with a base model 208, so the price difference still stands. Base Sandero £7995. Base 208 nearly £17000.

And I certainly would NOT like to be in a 109/c1/aygo in a bump.

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Sun 27 Dec 2020 23:17
SsangYong in trouble - Avant

Unlike the French, most Brits won't buy the basic model, so knowing this, the makers push up the prices sharply for the high-end models that we fall for.

You can pay well over £40,000 for a 3008 PHEV or Grandland PHEV....should you wish to.

Agreed, SLO - there were some good Vauxhalls around in the 80s and 90s. The Astras and Cavalier were better to drive than the Escort and Sierra: then Richard Parry-Jones was put in charge of deveopment at Ford and the resulting Focus and Mondeo swung the balance the other way.

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