Financial Times FT.com

Ssangyong expects to be back in black

By Song Jung-a in Seoul

Published: April 9 2007 03:00 | Last updated: April 9 2007 03:00

Ssangyong Motor, South Korea's smallest carmaker, expects to return to profit this year, as new products are likely to boost sales and synergies with its Chinese parent company begin to take effect.

Ssanyong, which is 51 per cent-owned by China's SAIC Motor, has struggled to make ends meet in recent years due to sluggish domestic sales amid increasing competition and slowing growth in its mainstay sport utility vehicle market.

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