Samsung Card said Thursday it is selling its 19.9 percent stake in Renault Samsung Motors.
Renault Samsung Motors, the Korean unit of Renault S.A., said Monday it will partner with Lynk & Co. to develop an environment friendly vehicle in the Korean market.
Renault Samsung Motors sold nearly 60,000 units of the liquified petroleum gas (LPG)-powered QM6 LPe SUV since its launch two years ago, increasingly catering to individual customers, the carmaker said.
Kumho Tire is the exclusive tire supplier for Renault Samsung Motors’ New Arkana SUV, an export version of the automaker’s XM3 SUV for the European market.
Two units of Renault Samsung Motors' XM3 compact SUV, also known as the New Arkana, are being unloaded at the Le Havre port in France in early May.
Renault Samsung Motors locked out striking workers on May 4, saying that they will not be allowed back into the Busan factory until they abandon the strike.
The Renault Samsung Motors automotive plant in Busan stands quiet on Tuesday. The company shut off the plant after the labor union went on strike, demanding the company increase wages as well as withdraw its plan to shut down several sales branches.
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.
Renault Samsung sold 2,034 XM3 SUVs in October, a 17.6 percent increase compared to the previous month.The XM3 has been selling rapidly since its release in March. The car sold 3,218 units in its release month and has gone from...