SsangYong Motor Company has confirmed the change of its corporate name to KG Mobility.
SsangYong Motor Company was established in 1954 as Ha Dong-Hwan Motor Company. November last year, it was acquired by the KG Group.
KG Group was established in 2003 and deals with many different industries including chemicals, steel, hospitality and media.
Whilst the last few years have been unsettled for SsangYong, the future is bright. The KG Group has accelerated early management normalisation by increasing sales and making profit. The future growth of the company will be based on a move towards electrification, starting with the successful international launch of the new Torres SUV model. With regards to the company change of name, we will confirm more detail around the impact to the UK in due course.
Said Kevin Griffin, managing director of SsangYong Motor UK.
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