Renault Samsung Motors started receiving voluntary retirement from Thursday as the auto company is expected to go into the red for the first time in eight years.
Five Korean automakers reported a 12.4 percent year-on-year drop in its car sales last year.
The question isn't if Zoe is a good car — it's already proven that it is — it's whether this quirky hatchback can make it in Korea's competitive EV market, where drivers tend to show vastly different preferences to their European counterparts.
Zoe, an electric vehicle (EV) imported by Renault Samsung Motors, will enter the Korean market with a price tag in the 20-million-won range with subsidies.
At first glance, the facelifted SM6, a midsize sedan from Renault Samsung Motors, seems a lot like the model it is replacing, which was first released four years ago.
Renault Samsung's Busan-made XM3, a coupe-style SUV also known as Arkana, will be recalled due to the risk of unexpected power loss while driving.
Renault Samsung is taking its compact SUV XM3 overseas, starting by exporting 140 units this year to Chile. The vehicle is one of the most popular compact SUVs in Korea despite having launched in an already-competitive segment last March.
Renault Samsung Motors has launched the Captur compact SUV in a bid to fight the sales slump from the coronavirus pandemic. The French automaker's Korean unit said Wednesday it has started sales of the imported Renault Captur in the local market.