Ssangyong Motor Halts Vehicle Production at Pyeongtaek Plant for 3 Days

[Asia Economy Reporter Lee Seon-ae] Ssangyong Motor announced on the 5th that it will halt automobile production at its Pyeongtaek plant for three days. The company explained the reason for the production stoppage as "disruption in procurement of production parts due to refusal of delivery by suppliers." The production stoppage period is from the 8th to the 10th, totaling three days. The scheduled date for resuming production is the 16th. The sales amount in the production stoppage sector (based on 2019 separate financial statements) corresponds to 86.54% of the recent sales amount (based on 2019 consolidated financial statements).

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