SEOUL, Nov. 22 (Korea Bizwire) — French carmaker Renault S.A. has asked South Korean steelmaker POSCO to enter Morocco and supply automotive steel, a person familiar with the issue said Thursday. Renault made the offer to the world’s fifth-largest steelmaker by output in early 2017 as part of its strategy to diversify its sources of [...]
SEOUL, July 11 (Korea Bizwire) – The Volkswagen scandal has withered the general reputation of German automakers in Korea. Nonetheless, domestic demand for imported vehicles continues to rise. Surprisingly, Volkswagen’s Tiguan 2.0 TDI BlueMotion claimed the number one spot as the best-selling foreign car according to the KAIDA (Korea Automobile Importers and Distributions Association). The [...]
SEOUL, April 13 (Korea Bizwire) — Renault Samsung Motor, the local unit of French automaker Renault S. A., saw its profit surge last year thanks to strong sales of cars at home and abroad, a result that far outperformed GM Korea, its larger rival operating in South Korea, data showed Monday. In a regulatory filing, Renault [...]