Ssangyong Motor to cut SUV production

South Korean sport utility vehicle (SUV) maker Ssangyong Motor Co. said on Tuesday it planned to cut its SUV production as record-breaking oil prices have hit sales of the gas-guzzlers.

Earlier, Ssangyong, owned by China's SAIC Motor Corp., said the maker of the Rexton SUV (sports utility vehicle) was in talks with unionised workers on how it can can scale back its SUV output.

Ssangyong and its union has agreed to switch production from the current day-shift/night-shift system to just operate the night shift, the company said in a statement.

It gave no guidance on timing for the move.