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In December 2022, SsangYong's chairman Kwak Jae-sun said it planned to remove the "SsangYong" name entirely in March 2023 by modifying the articles of association. The company was set to be renamed as "KG Mobility", adopting a new branding and using KG as its marque, to avoid the negative perception of the present name, [ 55 ] bypassing its ...
The KGM Rexton, formerly SsangYong Rexton (Korean: 쌍용 렉스턴), is a mid-size SUV manufactured by South Korean manufacturer SsangYong Motor (currently KG Mobility) since late 2001. The name Rexton is derived from the Latin title ' rex ' and the English word 'tone', which is intended to mean "the ruler's tone".
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SsangYong Group (Korean: 쌍용그룹; RR: Ssangyong geurup) was a South Korean chaebol (a Korean family-controlled conglomerate). Tracing its origins to 1939, by the 1970s it was one of the largest enterprise groups in the country, before disintegrating in the wake of the 1997 Asian financial crisis .
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Until 1996 all Daewoo cars were based on GM-designed models. After the 1997 Asian financial crisis reached South Korea, Daewoo took over the troubled SUV manufacturer SsangYong in 1998, but ran into financial trouble and was forced to sell the company off in 2001 to GM affiliate SAIC.
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The company was founded by Arnold Clark, who opened his first showroom in 1954 in Park Road in Glasgow.In 1963, Arnold Clark Finance was launched. [3] In the 1960s the company began rental vehicles and in 1968 took over Grant, Melrose and Tennant giving the company an accident repair centre.