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SsangYong Motor said its parts delivery deadlock is showing signs of alleviating as one of the key partners resumed supply. AFP
SsangYong partially solves supply deadlock
Sun, 27 December 2020
South Korea’s SsangYong Motor, which recently filed for court receivership due to a liquidity crunch, on December 24 said its parts delivery deadlock is showing signs of alleviating as one of the key partners resumed supply.
A company official said: “Hyundai Mobis has announced that it will start supplying head lamps again, starting on December 29.”
The cash-strapped automaker had announced on December 23 that it will suspend the operation of its Pyeongtaek factory on December 24 and 28 after its suppliers refused to deliver parts.