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The company is also looking at entering Indonesia where vehicle
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Korean automaker Ssangyong in bold linked site bet on U
Lee Yoo il, President canada goose outlet toronto factory and CEO of Ssangyong Motor Co, speaks during an cheap Canada Goose interview with Reuters at his office in Seoul December 10, 2013. REUTERS/Kim Hong JiThe company, founded almost canada goose outlet store locations 60 years ago and which was recently Chinese owned and in receivership, buy canada goose jacket cheap plans to develop four new SUV models, CEO Lee Yoo il told Reuters in an interview, canada goose hoping to launch one new product a year from 2015. China and Indonesia are also on its radar, as are Australia and South Africa.Lee, canada goose clearance 70, said Ssangyong may even change its sounding name in a bid to boost its brand appeal.He said the plans have not yet been finalised.Industry experts say it a canada goose black friday sale very ambitious goal given Ssangyong limited resources and technological prowess. market with a small, $25,000 pickup truck called the Appalachian. Lee is also considering developing a one ton truck.A breakthrough into the United States would cap a swift turnaround at Ssangyong, where many of Lee management team are also former Hyundai executives with decades of experience.United States is a scary market. very difficult Canada Goose Online to break into, he said. Hyundai, I learned the hard way that we cannot succeed there unless canada goose store we are fully prepared.Lee said it was viable for Ssangyong to sell as many as 100,000 vehicles a year in the United States, though he gave no timetable for that. if sales topped 150,000 vehicles a year. The company currently Canada Goose sale has a single assembly plant and one engine factory in South Korea. The people close to Ssangyong also said the company plans a Canada Goose Coats On Sale slightly bigger compact SUV that may replace the Korando C, and possibly a redesigned Rexton mid size SUV.wrote off Ssangyong a few years ago. (but) Mahindra has done a pretty incredible job turning it around, said Ashvin Chotai, the head of London based consulting firm Intelligence buy canada goose jacket Automotive Asia. we talking about the next step, which is very, very challenging. Ssangyong has done a good job developing new products, but it still quite an ambitious plan. It going to be tough.ON THE REBOUND Ssangyong is bouncing back from a $278 million loss and near insolvency in 2018 canada goose outlet 2009. Lee said the company began making money canada goose coats again this year, two years ahead of plan.In January November, it sold 57,386 cars in South Korea and exported 74,992 to markets including Russia, putting it on course to shift 143,000 vehicles this year, up canadian goose jacket 18 percent from 2012. Lee reckons Ssangyong should maintain double digit sales growth next year.He said Ssangyong has Canada Goose online built up a 400 billion won ($380 million) cash reserve and could finance its turnaround plan without relying on Mahindra, by using cash canada goose replica it generates or, https://www.canadagoose-online-shop.co.uk/ if necessary, bank loans. not worried about financing, he said.The company is also looking at entering Indonesia where vehicle penetration is just 40 per 1,000 Canada Goose Outlet people with a pickup truck, the X100 and a 3 row people mover version of the X100, said those canada goose coats on sale close to canada goose clearance sale Ssangyong.In both China and Indonesia, Lee said Ssangyong would need to assemble cars using nearly finished vehicle kits sent canada goose deals from South Korea Canada Goose Jackets to get around high import tariffs. Canada Goose Parka Lee said he was searching for a suitable local partner in both markets.