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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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 Posted: Sat Nov 14, 2009 2:28 am Post subject: Ssanyong's demise wasn't due to strike after all... |
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Wow... so the truth comes to light. Ssanyong Motor's death had nothing to do with striking workers. It's all the foreigner's fault. Never would have guessed this outcome. 
http://english.chosun.com/site/data/html_dir/2008/12/30/2008123061013.html
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SAIC 'Only Wanted to Grab Ssangyong Know-How'
Ssangyong Motors executives say Shanghai Automotive Industry Corporation (SAIC) has been focused only on getting its hands on know-how rather than reviving the ailing Korean carmaker since it took it over. Experts believe one of the main reasons that Korea's smallest carmaker is in the doldrums is SAIC's indifference. The Chinese media on Monday reported SAIC is minded to pull out altogether in January. |
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The Grumpy Senator
Joined: 13 Jan 2008
Location: Up and down the 6 line
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| Posted: Sat Nov 14, 2009 2:56 am Post subject: |
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Bassexpander, if you do not know the facts behind the story, then leave your little swips against Korea to yourself. Most of the time, you are ill-informed and your comments make you look foolish.
Shanghai Motors bought Ssangyong in order to obtain technology from them. Shanghai acquired the company under the guisse of building the company up to compete with Hyundai/Kia, Samsung/Renault and GM/Daewoo. Instead, budgets were cut, workers were let go, and the company was basically negleted. During this time, Shanghai Motors "inherited" technology that the Korean Government backed and funded. While this practice is not illegal, it is globally looked on as bad business ethincs. The Korean Government intitially, allowed the sale to the Chinese company because the Shanghai Motors convinced them that they were in it for the long haul. However, their actions were pretty obvious what they were really after (hybrid technology).
This is not a case of "blame the foreigner" as you call it, but rather a case of dirty business practice by the Chinese company. While Ssangyong is not free form blame (their auto line, much like GMs, is not very eco-friendly and people have stopped buying that), the Chinese company neglected the company and had their eyes on something different than rebuilding the carmaker. |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Sat Nov 14, 2009 5:10 am Post subject: |
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"Swip" at Korea? Come now... seriously.
Korea has been taken advantage of by foreigners consistently .... forever. Everybody knows this.
Quite frankly, I'm amazed that this sort of article wasn't in the papers sooner (if it was, I missed it). I guess I just come to expect such things.
A few additional quotes from another newspaper:
http://english.chosun.com/site/data/html_dir/2009/11/13/2009111300442.html
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"Top engineers at other Korean carmakers say there is nothing special about Ssangyong's hybrid car technology. "
"Ssangyong allegedly spent W5.6 billion of its own money and used W5.6 billion in government funding to pay another company to develop hybrid technology, raising questions whether the Korean carmaker can claim it as its own in the first place. There are also doubts whether the technology was valuable enough for SAIC to reap substantial profits from. By contrast, Toyota spent W20 trillion over 10 years developing its own technology for hybrid cars." |
Again... I've come to expect this sort of attitude.
Grumpy, what are you feelings about LoneStar? Ethical business practices? How about the government's involvement in it? |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Sat Nov 14, 2009 4:15 pm Post subject: |
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| They were 'in trouble' long ago, THAT'S why the they needed SAIC in the first place. |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Sat Nov 14, 2009 5:37 pm Post subject: |
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They always struck me as sort of an odd company. They had some great hits... the Rexton was really cool, and is still popular because so many of them are out there, for example.
The chairman was nothing more than a revamp of a mid-90's E-class Benz (speaking of sharing technology -- albeit old).
They also built some of the fugliest cars you ever did see. Unfortunately, they're all gas-guzzlers, and no company can survive with just that now. |
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