By John O'Dell, Senior Editor
Word that ailing South Korean SUV manufacturer SsangYong Motor has filed for bankruptcy protection in a Seoul court got us wondering how that might affect SsangYong's biggest U.S. customer, electric vehicle maker Phoenix Motorcars.
Phoenix buys its rolling stock - sporty pickups (right) and sport utility vehicles (below) - from SaangYong and then adds the electric drive systems when the vehicles arrive at Phoenix' assembly plant in Southern California..
If the South Korean company stopped making vehicles, it would be bad news for Phoenix.
But the SsangYong bankkruptcy filling sought protection from creditors, not liquidation of the company, and Dan Elliott, Phoenix' chief executive, says that as far as he knows, it will be business as usual.
Phoenix imported 200 SsangYong trucks in the fourth quarter last year and Elliott said he expects the level of business with SsangYong to remain about the same in the first quarter this year.
(EV sales to the public utilities and government agencies required to add alternative technology vehicles to their fleets are a major source of business for Phoneix and aren't affected much by the economic crisis that has made the retail car sales market so ugly.)
Phoenix isn't out of the woods, though.
Tags: Alternative Fuels, Phoenix Motorcars, Plug-ins and Electric, EV, Phoenix Motorcars, SAIC, SsangYong Automotive
Phoenix CEO Says Fledgling EV Maker Not Hurt By Vehicle Supplier Bankruptcy was originally published by Green Car Advisor. Read the full story by clicking here.