Ssangyong Posts Eighth Quarterly Loss

News: South Korean automaker Ssangyong Motor has posted a net loss of KRW89.7bn (US$77mn) in Q309, compared with a loss of KRW28.1bn (US$24.1mn) in Q308, marking its eighth consecutive quarterly loss. The loss was expected as the automaker was hit by summer strike action and looks to emerge from bankruptcy with a new business plan.

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