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Renault Samsung's early retirement applicant numbers below expectation

SEOUL, April 14 (Yonhap) -- Renault Samsung Motors Co. was unable to induce the targeted number of its employees to opt for early retirement program, corporate sources said Monday, which the company said is intended to restructure its workforce for better productivity. Insiders said only around 20 workers applied for the program as of Friday. The company received applications from March 10 and expected about 160 to apply.

Renault Samsung vows to become S. Korea's No. 3 by 2016

By Lee Joon-seung SEOUL, April 2 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault S.A., said Wednesday that it will strive to become South Korea's No. 3 carmaker in terms of domestic sales by 2016.

Renault Samsung vows to become S. Korea's No. 3 by 2016

By Lee Joon-seung SEOUL, April 2 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault S.A., said Wednesday that it will strive to become South Korea's No. 3 carmaker in terms of domestic sales by 2016.

Renault Samsung aims to become S. Korea's No. 3 by 2016

SEOUL, April 2 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault S.A., said Wednesday that it will strive to become South Korea's No. 3 carmaker in terms of domestic sales by 2016. Announcing its new strategic vision, the carmaker said it will increase sales from 131,010 units reached in 2013 to more than 200,000 in the target year. The increase represents a 70 percent spike to place it third behind Hyundai Motor Co. and Kia Motors Corp., and ahead of GM Korea Co. and Ssangyong Motor Co.

Car sales recovery gains pace in France, Spain and Italy

By Laurence Frost PARIS (Reuters) - Car sales rose in France, Spain and Italy last month, according to data published on Tuesday, adding to signs that a southern European recovery is gaining strength. Renault and PSA Peugeot Citroen led an 8.9 percent year-on-year rise in French sales, the CCFA industry body said, as the country's stop-and-start rebound appeared to find a firmer footing.

French and Spanish car sales recovery gathers pace

By Laurence Frost PARIS (Reuters) - Car sales rose in France and Spain last month, according to data published on Tuesday, adding to signs that a southern European recovery is gaining strength. Renault <RENA.PA> and PSA Peugeot Citroen led an 8.9 percent rise in French sales, the CCFA industry body said, as the country's stop-and-start rebound appeared to find a firmer footing.

Renault Samsung sales fall 13.8 pct in March

SEOUL, April 1 (Yonhap) -- March sales by Renault Samsung Motors Co. fell 13.8 percent last month from a year earlier due to weak exports, the South Korean division of French automaker Renault SA said Tuesday. The country's smallest car manufacturer by sales said it sold 10,782 vehicles last month, compared with 12,509 units tallied in the third month of 2013. The press release said domestic sales shot up 17.2 percent on-year to 5,588 units, with overseas sales hitting 5,194 vehicles for a loss of 32.9 percent.

UK's ITV to broadcast new Formula E series

LONDON (Reuters) - The new Formula E motor racing series will be broadcast on Britain's ITV commercial television network, organizers said on Monday, a move that should help to raise the profile of the electric car races. The UK deal follows broadcast agreements with Rupert Murdoch's Fox to show races in the United States and more than 80 other territories, and a separate agreement with TV Asahi in Japan.

Renault and Nissan name management team to step up integration

By Yoko Kubota and Laurence Frost TOKYO/PARIS (Reuters) - Carmakers Renault SA <RENA.PA> and Nissan Motor Co <7201.T> announced moves on Monday to combine key operations under a new team of managers, the boldest step yet taken in their 15 year-old alliance. Carlos Ghosn, who heads both car makers as chief executive, said it had taken this long for the corporate mindsets to evolve to allow a "peaceful and consensual" integration, but added that the car brands would remain separate and a full merger would be problematic.

Renault-Nissan name new alliance team to step up integration

By Laurence Frost and Yoko Kubota PARIS/TOKYO (Reuters) - Renault <RENA.PA> and alliance partner Nissan <7201.T> unveiled plans on Monday to integrate key operations and pursue economies of scale to keep up with big rivals like Volkswagen <VOWG_p.DE>. The creation of a new alliance management team was among the steps announced by Renault-Nissan boss Carlos Ghosn after 15 years of softly-softly cooperaton between the French and Japanese carmakers.
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