SsangYong to cut SUV production

Korea's SsangYong Motor is planning to cut its SUV production as record oil prices have hit sales of the low mileage models.

Earlier, Ssangyong, owned by China's SAIC Motor Corp, said the maker of the Rexton SUV was in talks with unionized workers on how it can could scale down 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.