PARIS — Renault SA is moving to take over the Samsung Motors Inc. factory in Pusan, South Korea. Creditors of the bankrupt Korean automaker have tried in vain to sell the company, first to Daewoo Motor Co. Ltd., then to anyone. Since December, it has been in liquidation. Renault says it entered exclusive negotiations with Samsung's creditors late last year to buy all or part of Samsung's assets, “but not its debts.” (See story, p.3.) Renault, which bought a controlling 36.8% stake in ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.