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쌍용자동차
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雙龍自動車
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Ssang-yong Jadongcha
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Ssangyong Chadongch'a
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is the fourth largest
South Korean Automobile manufacturer. It was founded as Hadonghwan Motor Company in
1954 and started by building
Jeeps for the
US Army . 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
1988 and changed its name to SsangYong Motor. The name SsangYong means twin dragons. In
1991 it started a technology partnership with
Daimler-Benz (now
DaimlerChrysler ). Later, it purchased
United Kingdom -based specialty car maker
Panther Westwinds .
In
1997 Daewoo Motors bought a controlling stake, only to sell it off again in
2000 , because the
Conglomerate ran into deep financial troubles. In late
2004 , the Chinese automobile manufacturer SAIC (
Shanghai Automotive Industry Corporation ) took a 49% stake of SsangYong Motor Company.
