SEOUL, Apr. 29 (Korea Bizwire) — Renault S.A. on Monday temporarily halted operations at its only plant in South Korea amid a drawn-out dispute with its labor union over wages and working hours. Renault Samsung Motors Corp., the Korean unit of the French carmaker, plans to suspend the operation of the Busan plant, 450 kilometers [...]
SEOUL, Apr. 17 (Korea Bizwire) — The chief of Renault Samsung Motors Corp. has promised to continue investment in South Korea as the Korean unit of Renault S.A. serves as the R&D center for midsize vehicles for the French automaker, Renault Samsung said Wednesday. In his meeting Tuesday with Oh Keo-don, mayor of Busan Metropolitan [...]
SEOUL, Apr. 16 (Korea Bizwire) — GM Korea Co. and Renault Samsung Motors Corp., the South Korean units of U.S. and French auto giants, respectively, are mired in a dispute that is fueling concerns over the broader South Korean auto industry this year. In recent years, the two carmakers, affiliates of General Motors Co. and [...]
SEOUL, Mar. 27 (Korea Bizwire) — Renault Samsung Motors Corp., amid prolonged strikes after failing to reach a labor collective agreement, is concerned that the recent crisis will have an impact on its consignment production of Nissan cars. Nissan Motor Co. told Renault Samsung recently that it wants to reduce the yearly production quota of [...]
BUSAN, Mar. 21 (Korea Bizwire) — Renault Samsung Motors Corp.’s union announced that it would stage strikes at designated work sites starting on Wednesday. The union halted the assembly line for the 11 a.m. morning shifts. Due to the stoppage, the whole production line was cut off, resulting in no vehicle delivery until 3 p.m. [...]
SEOUL, Dec. 10 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., is planning to start producing the Twizy ultra-small electric car in its sole domestic plant next year, industry sources said Monday. Renault Samsung, Busan Metropolitan City, and the Ministry of Trade, Industry and Energy are expected [...]
SEOUL, Nov. 28 (Korea Bizwire) — Renault Samsung Motors Corp. said Wednesday it will provide more Twizy ultracompact electric cars to a local car sharing service, a move to strengthen its leading stance as an electric vehicle maker. Renault Samsung will gradually supply another 45 Twizy models to the LH Happiness car-sharing service available at [...]
SEOUL, March 2 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Friday its February sales fell 22 percent from a year earlier on weak demand at home and abroad. Renault Samsung sold 15,994 vehicles in February, down from 20,582 units the previous year, the company said [...]
SEOUL, Nov. 6 (Korea Bizwire) — A lack of new models this year is adversely affecting car sales by GM Korea Co. and Renault Samsung Motors Co. in the South Korean market, industry observers said Sunday. The drop in demand is making it unlikely that the two carmakers will meet their respective sales targets for [...]
SEOUL, Oct. 25 (Korea Bizwire) – Automakers Renault Samsung and GM Korea found themselves on opposite ends of the spectrum in a listing of manufacturing plants with the highest productivity, per the ’2016 Harbour Report’, derived by utilizing HPU figures (Hours Per Unit) provided by global consulting firm Oliver Wyman. Renault Samsung’s Busan-based manufacturing plant [...]