Cars
Renault's Korean subsidiary, Samsung Motors, will see a doubling in investment in hopes of increasing exports. Renault owns 80% of the company, the other portion belonging to the maker of your stereo or mp3 player.
Here's what you don't know: Samsung will sell around 172,000 vehicles this year, but less than a third are exported. By 2009, Samsung hopes to be selling around 250,000 vehicles. That would still be just a large drop in the bucket compared to sales of affiliated brands like Renault and Nissan. Ironically, this developing brand is better earner (in specific terms) than Renault. The operating profit for Samsung is 5.4% higher than that of its French parent.
Here's what you may know: Samsung's home market is the fourth-largest economy in Asia and there are some big names competing for a slice of the pie; Hyundai and Kia being the two household brands.
Here's what you do know: Fuel prices are rising, small car sales are surging. Samsung is primed to take advantage of its lower operating costs and even build cars in Europe to take advantage of the current auto atmosphere. Current Samsung models include the SM3, SM5, and SM7.
- Renault Puts Samsung Badges On The Captur And Calls It The Qm3
Renault Samsung Motors, the French carmaker’s Korean subsidiary, unveiled the QM3 urban crossover at the Seoul Motor Show. Essentially a rebadged Renault Captur, the QM3 will slot in Renault Samsung’s range below the QM5, known as the Renault...
- Renault Introduces Talisman Flagship Saloon At The Auto China 2012
The Renault brand looked into its South Korean portfolio and more precisely Samsung to find a suitable flagship model to add to its lineup in China. What the French automaker found is the Samsung SM7 that was launched in its home market in the summer...
- Renault-samsung Shows Sm7 Pre-production Concept
After last month's teaser sketch, Renault's Korean subsidiary Samsung unveiled the SM7 Concept at the Seoul Motor Show. In essence, it’s a pre-production design study that previews the next generation of Renault Samsung's flagship...
- Renault Revives Safrane Nameplate With A New Luxury Sedan
French carmaker Renault has revealed a new mid-size luxury sedan that revives the Safrane nameplate after an eight year hiatus. The original Safrane was a rather bluntly styled 5door executive saloon built from 1992 to 2000 that was replaced in the European...
- Renault Group Reports 14.8% Sales Increase In February
The Renault Group, which consists of the Renault, Dacia and Samsung Motor brands, saw its global sales in February reach 196,692 units that accounts to a 14.8% increase compared to February 2007. In particular, worldwide sales of the Renault brand increased...
Cars
SAMSUNG - No, not your stereo
Renault's Korean subsidiary, Samsung Motors, will see a doubling in investment in hopes of increasing exports. Renault owns 80% of the company, the other portion belonging to the maker of your stereo or mp3 player.
Here's what you don't know: Samsung will sell around 172,000 vehicles this year, but less than a third are exported. By 2009, Samsung hopes to be selling around 250,000 vehicles. That would still be just a large drop in the bucket compared to sales of affiliated brands like Renault and Nissan. Ironically, this developing brand is better earner (in specific terms) than Renault. The operating profit for Samsung is 5.4% higher than that of its French parent.
Here's what you may know: Samsung's home market is the fourth-largest economy in Asia and there are some big names competing for a slice of the pie; Hyundai and Kia being the two household brands.
Here's what you do know: Fuel prices are rising, small car sales are surging. Samsung is primed to take advantage of its lower operating costs and even build cars in Europe to take advantage of the current auto atmosphere. Current Samsung models include the SM3, SM5, and SM7.
- Renault Puts Samsung Badges On The Captur And Calls It The Qm3
Renault Samsung Motors, the French carmaker’s Korean subsidiary, unveiled the QM3 urban crossover at the Seoul Motor Show. Essentially a rebadged Renault Captur, the QM3 will slot in Renault Samsung’s range below the QM5, known as the Renault...
- Renault Introduces Talisman Flagship Saloon At The Auto China 2012
The Renault brand looked into its South Korean portfolio and more precisely Samsung to find a suitable flagship model to add to its lineup in China. What the French automaker found is the Samsung SM7 that was launched in its home market in the summer...
- Renault-samsung Shows Sm7 Pre-production Concept
After last month's teaser sketch, Renault's Korean subsidiary Samsung unveiled the SM7 Concept at the Seoul Motor Show. In essence, it’s a pre-production design study that previews the next generation of Renault Samsung's flagship...
- Renault Revives Safrane Nameplate With A New Luxury Sedan
French carmaker Renault has revealed a new mid-size luxury sedan that revives the Safrane nameplate after an eight year hiatus. The original Safrane was a rather bluntly styled 5door executive saloon built from 1992 to 2000 that was replaced in the European...
- Renault Group Reports 14.8% Sales Increase In February
The Renault Group, which consists of the Renault, Dacia and Samsung Motor brands, saw its global sales in February reach 196,692 units that accounts to a 14.8% increase compared to February 2007. In particular, worldwide sales of the Renault brand increased...