Renault Samsung says has no plant expansion plans

Newswire

CHEJU ISLAND, South Korea (Reuters) - Renault Samsung Motors Inc, part of French automaker Renault SA , launched its second model in South Korea on Thursday and said it has no near-term plans for plant expansion, as its only factory is capable of handling output for a third model. The French automaker took over the former auto unit of South Korea's Samsung Group [SAGR.UL] in September 2000 and holds a controlling 70.1 percent stake. The deal has been hailed as one of the smoothest ...

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