1.
London
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London /ˈlʌndən/ is the capital and most populous city of England and the United Kingdom. Standing on the River Thames in the south east of the island of Great Britain and it was founded by the Romans, who named it Londinium. Londons ancient core, the City of London, largely retains its 1. 12-square-mile medieval boundaries. London is a global city in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism. It is crowned as the worlds largest financial centre and has the fifth- or sixth-largest metropolitan area GDP in the world, London is a world cultural capital. It is the worlds most-visited city as measured by international arrivals and has the worlds largest city airport system measured by passenger traffic, London is the worlds leading investment destination, hosting more international retailers and ultra high-net-worth individuals than any other city. Londons universities form the largest concentration of education institutes in Europe. In 2012, London became the first city to have hosted the modern Summer Olympic Games three times, London has a diverse range of people and cultures, and more than 300 languages are spoken in the region. Its estimated mid-2015 municipal population was 8,673,713, the largest of any city in the European Union, Londons urban area is the second most populous in the EU, after Paris, with 9,787,426 inhabitants at the 2011 census. The citys metropolitan area is the most populous in the EU with 13,879,757 inhabitants, the city-region therefore has a similar land area and population to that of the New York metropolitan area. London was the worlds most populous city from around 1831 to 1925, Other famous landmarks include Buckingham Palace, the London Eye, Piccadilly Circus, St Pauls Cathedral, Tower Bridge, Trafalgar Square, and The Shard. The London Underground is the oldest underground railway network in the world, the etymology of London is uncertain. It is an ancient name, found in sources from the 2nd century and it is recorded c.121 as Londinium, which points to Romano-British origin, and hand-written Roman tablets recovered in the city originating from AD 65/70-80 include the word Londinio. The earliest attempted explanation, now disregarded, is attributed to Geoffrey of Monmouth in Historia Regum Britanniae and this had it that the name originated from a supposed King Lud, who had allegedly taken over the city and named it Kaerlud. From 1898, it was accepted that the name was of Celtic origin and meant place belonging to a man called *Londinos. The ultimate difficulty lies in reconciling the Latin form Londinium with the modern Welsh Llundain, which should demand a form *lōndinion, from earlier *loundiniom. The possibility cannot be ruled out that the Welsh name was borrowed back in from English at a later date, and thus cannot be used as a basis from which to reconstruct the original name. Until 1889, the name London officially applied only to the City of London, two recent discoveries indicate probable very early settlements near the Thames in the London area
2.
England
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England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west, the Irish Sea lies northwest of England and the Celtic Sea lies to the southwest. England is separated from continental Europe by the North Sea to the east, the country covers five-eighths of the island of Great Britain in its centre and south, and includes over 100 smaller islands such as the Isles of Scilly, and the Isle of Wight. England became a state in the 10th century, and since the Age of Discovery. The Industrial Revolution began in 18th-century England, transforming its society into the worlds first industrialised nation, Englands terrain mostly comprises low hills and plains, especially in central and southern England. However, there are uplands in the north and in the southwest, the capital is London, which is the largest metropolitan area in both the United Kingdom and the European Union. In 1801, Great Britain was united with the Kingdom of Ireland through another Act of Union to become the United Kingdom of Great Britain and Ireland. In 1922 the Irish Free State seceded from the United Kingdom, leading to the latter being renamed the United Kingdom of Great Britain, the name England is derived from the Old English name Englaland, which means land of the Angles. The Angles were one of the Germanic tribes that settled in Great Britain during the Early Middle Ages, the Angles came from the Angeln peninsula in the Bay of Kiel area of the Baltic Sea. The earliest recorded use of the term, as Engla londe, is in the ninth century translation into Old English of Bedes Ecclesiastical History of the English People. According to the Oxford English Dictionary, its spelling was first used in 1538. The earliest attested reference to the Angles occurs in the 1st-century work by Tacitus, Germania, the etymology of the tribal name itself is disputed by scholars, it has been suggested that it derives from the shape of the Angeln peninsula, an angular shape. An alternative name for England is Albion, the name Albion originally referred to the entire island of Great Britain. The nominally earliest record of the name appears in the Aristotelian Corpus, specifically the 4th century BC De Mundo, in it are two very large islands called Britannia, these are Albion and Ierne. But modern scholarly consensus ascribes De Mundo not to Aristotle but to Pseudo-Aristotle, the word Albion or insula Albionum has two possible origins. Albion is now applied to England in a poetic capacity. Another romantic name for England is Loegria, related to the Welsh word for England, Lloegr, the earliest known evidence of human presence in the area now known as England was that of Homo antecessor, dating to approximately 780,000 years ago. The oldest proto-human bones discovered in England date from 500,000 years ago, Modern humans are known to have inhabited the area during the Upper Paleolithic period, though permanent settlements were only established within the last 6,000 years
3.
United Kingdom
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country in western Europe. Lying off the north-western coast of the European mainland, the United Kingdom includes the island of Great Britain, Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state—the Republic of Ireland. The Irish Sea lies between Great Britain and Ireland, with an area of 242,500 square kilometres, the United Kingdom is the 78th-largest sovereign state in the world and the 11th-largest in Europe. It is also the 21st-most populous country, with an estimated 65.1 million inhabitants, together, this makes it the fourth-most densely populated country in the European Union. The United Kingdom is a monarchy with a parliamentary system of governance. The monarch is Queen Elizabeth II, who has reigned since 6 February 1952, other major urban areas in the United Kingdom include the regions of Birmingham, Leeds, Glasgow, Liverpool and Manchester. The United Kingdom consists of four countries—England, Scotland, Wales, the last three have devolved administrations, each with varying powers, based in their capitals, Edinburgh, Cardiff and Belfast, respectively. The relationships among the countries of the UK have changed over time, Wales was annexed by the Kingdom of England under the Laws in Wales Acts 1535 and 1542. A treaty between England and Scotland resulted in 1707 in a unified Kingdom of Great Britain, which merged in 1801 with the Kingdom of Ireland to form the United Kingdom of Great Britain and Ireland. Five-sixths of Ireland seceded from the UK in 1922, leaving the present formulation of the United Kingdom of Great Britain, there are fourteen British Overseas Territories. These are the remnants of the British Empire which, at its height in the 1920s, British influence can be observed in the language, culture and legal systems of many of its former colonies. The United Kingdom is a country and has the worlds fifth-largest economy by nominal GDP. The UK is considered to have an economy and is categorised as very high in the Human Development Index. It was the worlds first industrialised country and the worlds foremost power during the 19th, the UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally. It is a nuclear weapons state and its military expenditure ranks fourth or fifth in the world. The UK has been a permanent member of the United Nations Security Council since its first session in 1946 and it has been a leading member state of the EU and its predecessor, the European Economic Community, since 1973. However, on 23 June 2016, a referendum on the UKs membership of the EU resulted in a decision to leave. The Acts of Union 1800 united the Kingdom of Great Britain, Scotland, Wales and Northern Ireland have devolved self-government
4.
Car
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A car is a wheeled, self-powered motor vehicle used for transportation and a product of the automotive industry. The year 1886 is regarded as the year of the modern car. In that year, German inventor Karl Benz built the Benz Patent-Motorwagen, cars did not become widely available until the early 20th century. One of the first cars that was accessible to the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the United States of America, where they replaced animal-drawn carriages and carts, cars are equipped with controls used for driving, parking, passenger comfort and safety, and controlling a variety of lights. Over the decades, additional features and controls have been added to vehicles, examples include rear reversing cameras, air conditioning, navigation systems, and in car entertainment. Most cars in use in the 2010s are propelled by a combustion engine. Both fuels cause air pollution and are blamed for contributing to climate change. Vehicles using alternative fuels such as ethanol flexible-fuel vehicles and natural gas vehicles are also gaining popularity in some countries, electric cars, which were invented early in the history of the car, began to become commercially available in 2008. There are costs and benefits to car use, the costs of car usage include the cost of, acquiring the vehicle, interest payments, repairs and auto maintenance, fuel, depreciation, driving time, parking fees, taxes, and insurance. The costs to society of car use include, maintaining roads, land use, road congestion, air pollution, public health, health care, road traffic accidents are the largest cause of injury-related deaths worldwide. The benefits may include transportation, mobility, independence. The ability for humans to move flexibly from place to place has far-reaching implications for the nature of societies and it was estimated in 2010 that the number of cars had risen to over 1 billion vehicles, up from the 500 million of 1986. The numbers are increasing rapidly, especially in China, India, the word car is believed to originate from the Latin word carrus or carrum, or the Middle English word carre. In turn, these originated from the Gaulish word karros, the Gaulish language was a branch of the Brythoic language which also used the word Karr, the Brythonig language evolved into Welsh where Car llusg and car rhyfel still survive. It originally referred to any wheeled vehicle, such as a cart, carriage. Motor car is attested from 1895, and is the formal name for cars in British English. Autocar is a variant that is attested from 1895
5.
SAIC Motor
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SAIC Motor Corporation Limited is a Chinese state-owned automotive design and manufacturing company headquartered in Shanghai, China, with multinational operations. Its manufacturing mix is not wholly consumer offerings, however, with as many as 1,000, 000+ SAIC passenger vehicles being commercial vans. SAIC traces its origins to the years of the Chinese automobile industry in the 1940s. Currently, it participates in the oldest surviving sino-foreign car making joint venture, with Volkswagen, SAIC products sell under a variety of brand names, including those of its joint venture partners. Two notable brands owned by SAIC itself are MG, a historic British car marque, a small company in the 1970s, SAIC owes its rise to more than an increase in domestic demand for passenger vehicles. Early success at SAIC may also be a result of guidance provided by local Shanghai authorities, for these two reasons and more, SAIC grew swiftly. In the 11 years leading to 1996, annual production capacity increased ten-fold to 300,000 units/year, during this period, SAIC effectively built an entire modern automotive component supply chain in Shanghai from scratch, and the number and quality of locally produced auto parts rose significantly. In 1987, the local parts used in one car, the Volkswagen Santana, were tires, radio, and antenna. A goal set by the Shanghai Municipal government, creation of a local industry is an example of the influence that the local government has had on the development of SAIC. In June 1997, SAIC formed a major joint venture, Shanghai General Motors Co Ltd. The new joint venture operations in 1998, and helped to drive a doubling in SAICs vehicle production between 2000 and 2004. Initially partnering with foreign automakers, creating joint ventures with component suppliers, such as the American Visteon, at the start of the 2000s, SAIC made several acquisitions in Korea. Around this time SAIC created a new holding company for its subsidiaries employed in passenger car production, in the middle of the decade, SAIC attempted to acquire the British automaker MG Rover, but in 2005 was outbid by another Chinese automaker, Nanjing Automobile. SAIC did manage to obtain some MG Rover technology that was incorporated into a new line of luxury sedans sold under the Roewe marque, and it subsequently purchased the winning bidder. While the company saw success in the late 2000s, with 2.72 million vehicles sold in 2009, its 2004 purchase of an ownership stake in a Korean SUV-maker, Ssangyong. In January 2009, after an additional US$45 million was provided to it by SAIC, courts might have mandated SAIC reduce its ownership, and by 2010 a 51. 33% share of the Korean company had become a 10% one. The 2009 Ssangyong failure also saw riot police quell protesting Ssangyong workers who staged a 77-day-long sit in, SAIC may have benefitted from exposure to some technology from Mercedes that Ssangyong controlled during this time. In 2010, SAIC produced 3.58 million units, the largest output of any China-based automaker that year, in February 2011, SAIC unveiled a new commercial vehicles marque, Maxus
6.
MG Motor
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MG Motor UK Limited is a British automotive company headquartered in Longbridge, Birmingham, United Kingdom, and a subsidiary of SAIC Motor UK, which in turn is owned by the Shanghai-based SAIC Motor. MG Motor designs, develops and markets cars sold under the MG marque, all MG vehicles are currently assembled in China, and MG Motor is the largest importer of Chinese made cars into the United Kingdom. The marque returned to motorsport in 2012, and won the 2014 British Touring Car Manufacturers Championship. Following the collapse of MG Rover in 2005, the Chinese automaker Nanjing Automobile acquired the Longbridge plant, Nanjing Automobile formally established NAC MG UK Limited as a holding company for the plant and marque on 12 April 2006. In March 2007, Nanjing Automobile unveiled the first MG vehicles manufactured in China, assembly of cars restarted at Longbridge in August 2007, with production of the MG TF LE500. In 2007, Nanjing Automobile was acquired by SAIC Motor, the first all-new model from MG for 16 years, the MG6, was officially launched on 26 June 2011 during a visit to MG Motors Longbridge plant by Chinese premier Wen Jiabao. This car was imported briefly into the UK, but it was not a success and was withdrawn from sale in 2016. By March 2012, SAIC had invested a total of £450 million in MG Motor, sales in the UK totalled 782 vehicles in 2012. The MG3 went on sale in the United Kingdom in September 2013, MG Motor was voted third place for the ‘Best Manufacturer’ category in the Auto Express 2014 Driver Power survey. 2014 also saw MG celebrated its 90th birthday, MG enjoyed further celebrations with a record-breaking year that saw the company lead UK car industry growth in 2014. The brand’s sales rose by 361% during 2014 part thanks to the introduction of the MG3 to the product range, on 23 September 2016 MG announced that all car production had ceased at Longbridge and henceforth MG vehicles would be imported into the UK. MG Motor operated the historic Longbridge plant, there is a major research and development facility at the site which employs around 500 people, together with a design studio. Until 2016, final assembly of some MG models took place at Longbridge using complete knock down kits produced in China, MG has a £30 million flagship dealership in the heart of London’s Piccadilly, which was opened in July 2015. Its location is 47-48 Piccadilly, opposite Fortnum & Mason, MG vehicles are designed and developed in the United Kingdom and China and manufactured in China. The MG GS is MGs first production SUV launched in 2015, the MG GS starts at £14,995, with a 1.5 litre turbo petrol engine delivering 166 PS and 250NM Torque. The top of the model also comes with the option of a 7 speed automatic transmission. The MG5 was originally unveiled at the 2011 Shanghai Auto Show as a concept model. It is a Ford Focus sized hatchback using the base as the Roewe 350
7.
LDV Group
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LDV Group Limited, formerly Leyland DAF Vans, was a British van manufacturer, based in the Ward End area of Birmingham. Historically part of Rover Group and Leyland DAF, it was latterly a wholly owned subsidiary of the Russian GAZ group, owing to the worldwide recession and a lack of long-term investment, production was halted at LDVs Birmingham factory in December 2008. After a series of failed attempts in 2009, the assets of the company were sold by administrators PricewaterhouseCoopers to China Ventures firm Eco Concept. LDV was formed in 1993 as Leyland DAF Vans Limited following a management buy-out of DAF NVs Leyland DAF van manufacturing division, later the name was officially changed to LDV Limited. Prior to its merger with Leyland Trucks and DAF Trucks in 1987 it was part of the British Leyland / Austin Rover Group empire and was latterly the Freight Rover arm of the Land Rover Group division. In December 2005, after going into administration, LDV was bought by group Sun Capital Partners/Sun European Partners and was subject to a financial restructuring. The Russian GAZ Group acquired LDV on 31 July 2006, and also established a new company, GAZ International, based in the United Kingdom, to focus on the automotive industry. The BBC reported a GAZ spokesperson as saying that the company had appointed former Ford of Europe executive Martin Leach and former A. T. Kearney executive Steve Young to run the business, and that it planned to expand production at LDVs Birmingham plant by adding new lines and entering new markets in Europe. GAZ had plans to export LDV technology to Russia, and start producing the Maxus at the GAZ Nizhny Novgorod plant in Russia with 50,000 as an initial volume, there were also proposals to export the GAZ Maxus to Australia, a traditional market for British Leyland. The assets of the company were sold by administrators PricewaterhouseCoopers to Chinese Firm ECO Concept, on 15 October 2009, LDV produced a range of panel vans, pick-ups and minibuses, all available with various modifications and specifications. Between 1998–2001, LDV sold the Cub, a badge-engineered Nissan Vanette, in June 1998, LDV entered into an agreement with Nissan, to sell a re branded version of the Vanette Cargo. The last range of vans, the Maxus, was introduced in 2005, the Maxus was originally planned as a joint venture with Daewoo Motors of South Korea. Daewoo however, went into receivership in 2000 before the project came to fruition, the Maxus was fitted with direct injection, common rail, diesel engines supplied by VM Motori. LDV sponsored Aston Villa Football Club from 1998 to 2000, LDV also sponsored the Football League Trophy from 2000 to 2006. LDV also sponsored St Mirren Football Club from 2000 to 2003, convoy Pilot Cub Maxus Official LDV New Zealand website New LDV website LDV used vans website
8.
Rover Company
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Rover is a former British car manufacturing company founded as Starley & Sutton Co. of Coventry in 1878. It is the ancestor of the present day Land Rover marque. The company traded as Rover, manufacturing cars between 1904 and 1967, when it was sold to Leyland Motor Corporation, becoming the Rover marque. Following MG Rovers collapse in 2005, the Rover marque became dormant, and was sold by BMW to Ford. The rights to the Rover brand were transferred along with the Jaguar Cars and Land Rover businesses, after developing the template for the modern bicycle with its Rover Safety Bicycle of 1885, the company moved into the automotive industry. It started building motorcycles and Rover cars, using their established marque with the iconic Viking Longship, Land Rover vehicles were added from 1948 onwards, with all production moving to the Solihull plant after World War II. The Polish word now most commonly used for bicycle – rower originates from Rover bicycles which had wheels of the same size. The first Rover was a tricycle manufactured by Starley & Sutton Co. of Coventry, England, the company was founded by John Kemp Starley and William Sutton in 1878. Starley had previously worked with his uncle, James Starley, who began by manufacturing sewing machines, in the early 1880s, the cycles available were the relatively dangerous penny-farthings and high-wheel tricycles. Starley made history in 1885 by producing the Rover Safety Bicycle—a rear-wheel-drive, cycling Magazine said the Rover had set the pattern to the world, the phrase was used in their advertising for many years. Starleys Rover is usually described by historians as the first recognisably modern bicycle, the words for bicycle in Polish and Belarusian are derived from the name of the company. The word ровер is also used in parts of Western Ukraine. In 1889, the company became J. K, Starley & Co. Ltd. and in the late 1890s, the Rover Cycle Company Ltd. In 1899 John Starley imported some of the early Peugeot motorcycles from France in for experimental development and his first project was to fit an engine to one of his Rover bicycles. Starley died early in October 1901 aged 46 and the business was taken over by entrepreneur H. J. Lawson, the company developed and produced the Rover Imperial motorcycle in November 1902. This was a 3.5 hp diamond-framed motorcycle with the engine in the centre and this first Rover motorcycle had innovative features such as a spray carburettor, bottom-bracket engine and mechanically operated valves. With a strong frame with double front down tubes and a quality finish. It had a Brown and Barlow carburettor and Druid spring forks and this new model was launched at the 1910 Olympia show and over 500 were sold
9.
Baojun
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Baojun is a Chinese automobile marque owned by a joint venture of General Motors and SAIC Motor, SAIC-GM-Wuling Automobile. The Baojun marque was established in 2010 as an alternative to existing GM brands Chevrolet and Buick, the companys products compete with domestic Chinese manufacturers such as Chery Automobile and Geely Automobile. The joint ventures commercial vehicles remain under the Wuling Automobile marque, the marques first vehicle is the Baojun 630, a four-door sedan that has been produced since November 2010. Sales started in late 2011 through a dealer network. The joint venture offers a localized version of the Daewoo Matiz. In 2014, a model was announced at Auto China. At Auto Shanghai in 2015, the introduced the 560 SUV. And in July 2014, SAIC-GM-Wuling launched the 730, a seven-seater MPV
10.
Maxus
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Maxus is a commercial vehicle marque owned by SAIC Motor Commercial Vehicle Co. Ltd. itself a wholly owned subsidiary of SAIC Motor. It was launched in March 2011, sales to Australia started in 2012 under the original LDV name. The name of the marque originates from the Maxus model of the defunct British commercial vehicle manufacturer LDV Group, the first Maxus product, the V80 van, was unveiled at the Auto Shanghai motor show in April 2011. In the same month SAIC signed an agreement appointing the Malaysia-based WestStar group as the distributor of the V80 for the Asia Pacific region. The inauguration ceremony of the V80 was held in Shanghai on 29 June 2011, the sale of Maxus vehicles in Australasia began in 2012, with distribution by the Australia-based WMC Group. In September 2013 it was announced that Maxus vehicles would be sold in Thailand starting in 2014, maxuss second production model, the G10 MPV, went on sale in China in March 2014. The current Maxus range comprises the following models, Maxus D90 LDV brand lives on as vans go on sale across the world
11.
SAIC-GM-Wuling
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SAIC-GM-Wuling Automobile is a joint venture between SAIC Motor, General Motors, and Liuzhou Wuling Motors Co Ltd. Based in Liuzhou, Guangxi Zhuang Autonomous Region, in southwestern China, it makes commercial and consumer vehicles sold in China under the Wuling and Baojun marques, respectively. A major mass-volume producer in the Chinese interior, in 2011 SGMW sold 1,286,000 vehicles in China,1,445,000 in 2012 and its offerings range in price from US$5,000 to US$10,000. SGMW is one of the largest manufacturers of microvans in China, known as mianbao che, or “bread box cars, ” these pint-size commercial vehicles are no larger than a compact car and have sold well in the poorer interior. One of its popular microvans is the Wuling Sunshine, selling more than 450,000 units per year, SGMW has claimed no one model outsells it in China. Both SGMW and Liuzhou Wuling Automobile Industry Co. Ltd. use the Wuling brand name, originally, 90% of parts were imported, but gradually local parts content increased. This small van was sold as the Liuzhou Wuling LZ110, in 2002, the joint venture SAIC-GM-Wuling was formed, with SAIC taking 50. 1% of the shares, GM 34%, and Wuling Group 15. 9%. Wuling transferred the production of microvans and small trucks to the new company, since at least 2008, GM sought to increase its ownership achieving this aim c. Its stake rose to 44%—leaving Wuling with 5. 9%, in 2010, SGMW created a passenger car brand to compete against indigenous products, Baojun. The company has sold a vehicle, the Chevy Spark, since at least 2007. A factory with capacity for the number of power trains is also being built. Etsong acquisition Best known for its offerings, in 2005 SGMW acquired diminutive Etsong Vehicle Manufacturing. The factory was set up in 1997 by a Chinese tobacco company and was then briefly owned by the First Automobile Works before the SAIC group took over the factory. Instead, the factory is used to augment SGMW mini-vehicle capacity, Baojun Perhaps the culmination of GMs dream to build a farmers car, the Baojun brand was established in 2010 and aims to sell to consumers in third and fourth tier Chinese cities. Such large- and medium-sized Chinese cities are not counted among the top four in terms of population and contribution to GDP, Baojun currently competes for consumers with indigenous brands like Chery and Geely. Its two offerings include, as of 2012, the 630, a small sedan. The latter is a version of the first generation Daewoo Matiz and was previously sold under the Chevrolet brand name. During the transition between brands, the Lechi was offered as both a Chevrolet and a Baojun and these include a facility in Liuzhou, Guangxi, and a plant in Qingdao, which it had purchased c
12.
SsangYong Motor
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SsangYong Motor Company is the fourth largest South Korea-based automobile manufacturer. It is a subsidiary of Indian multinational Mahindra & Mahindra Limited, a 70% share of SsangYong was acquired by Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company. Mahindras acquisition was approved by South Koreas Free Trade Commission, SsangYong originally started out as two separate companies, Ha Dong-hwan Motor Workshop and Dongbang Motor Co. In mid-1963, the two merged into Ha Dong-hwan Motor Co. In 1964, Hadonghwan Motor Company started building jeeps for the US Army as well as trucks, beginning in 1976, Hadonghwan produced a variety of special purpose vehicles. After changing its name to Dong-A Motor in 1977, it was taken over by SsangYong Business Group in 1986, in 1987, it acquired United Kingdom-based specialty car maker Panther Westwinds. In 1991, SsangYong started a partnership with Daimler-Benz. The deal was for SsangYong to develop an SUV with Mercedes-Benz technology and this was supposedly to allow SsangYong to gain footholds in new markets without having to build their own infrastructure while giving Mercedes a competitor in the then-booming SUV market. This resulted in the Musso, which was sold first by Mercedes-Benz, in 1997, Daewoo Motors, now Tata Daewoo, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company, in January 2009, after recording a $75.42 million loss, the company was put into receivership. This may have due to the global economic crisis and shrinking demand. On August 14,2009, worker strikes finished at the SsangYong factory, Company employees and analysts have also blamed SAIC for stealing technology related to hybrid vehicles from the company and failing to live up to its promise of continued investment. SAIC denied allegations of theft by the companys employees. In 2010, Daewoo Motor Sales was dropped by General Motors, the deal is non-exclusive, meaning SsangYong will also sell vehicles through private dealers. In April 2010, the released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%. The companies were later revealed to be Mahindra & Mahindra and the Ruia Group of India and SM Aluminum, Seoul Investments, in August 2010, Mahindra & Mahindra Limited was chosen as the preferred bidder for SsangYong. The acquisition was completed in February 2011 and cost Mahindra 522.5 billion Won, russian company Sollers JSC manufactured SsangYong Korando as New Actyon, Kyron, Rexton II, Actyon Sports and its upgraded version SUT1. Kremenchuk Сar Assembly Plant manufactured Korando, Kyron, Rexton II
