Renault buys Samsung SEOUL — Renault SA becomes the first foreign automaker to break into the Korean market after striking a deal with Samsung Motors Inc. The French automaker purchased the insolvent carmaking arm of South Korea's Samsung Group for a reported US$550 million, some US$100 million to be paid up-front in cash. Reports say Renault has purchased a 70% stake in the company, while Samsung will retain 20%, and Samsung's domestic creditors will hold a 10% stake. The deal, approved ...

Premium Content (PAID Subscription Required)

"ASIA/PACIFIC" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.