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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 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.

Renault Samsung sales down 15.1 pct in 2013

SEOUL, Jan. 2 (Yonhap) -- The 2013 sales of Renault Samsung Motors Co. dropped 15.1 percent from a year earlier, a result of weak overseas demand, the South Korean division of French automaker Renault SA said Thursday. The country's smallest car manufacturer sold a total of 131,010 vehicles last year, compared with 154,309 units tallied in 2012, the company said in a press release.

China approves $1.3 bn Renault-Dongfeng joint venture

Beijing has approved a long-awaited $1.3 billion joint venture between French carmaker Renault -- the last of the global top 10 automakers without production in the world's biggest market -- and China's Dongfeng, the Chinese firm said Thursday. The deal was announced as French Prime Minister Jean-Marc Ayrault arrived in China for a five-day visit expected to be dominated by trade issues.

China approves $1.3 bn Renault-Dongfeng joint venture

China has approved a long-awaited $1.3 billion joint venture between its carmaker Dongfeng and France's Renault, the only global top 10 automaker not producing in the world's biggest market, the firms said Thursday. The deal was announced as French Prime Minister Jean-Marc Ayrault arrived in China for a five-day visit expected to be dominated by trade issues.

China approves $1.3 bn Renault-Dongfeng joint venture

Beijing has approved a long-awaited $1.3 billion joint venture between French carmaker Renault and Chinese giant Dongfeng, the Chinese firm said in a statement Thursday. Each partner will have a 50 percent share in the new company, it said, adding the government had approved the deal and "the production of 150,000 multiple purpose vehicles and engines per year". The two will invest a total of 7.8 billion yuan ($1.3 billion) in the joint venture, which will be based in Wuhan in the central province of Hubei, said Dongfeng, China's second-biggest carmaker.

Renault Samsung union goes on partial strike over basic salaries

BUSAN, June 17 (Yonhap) -- Unionized workers at Renault Samsung Motors Co. went on a partial strike to demand higher wages, a company spokesman said Monday. Some workers downed tools for two hours earlier Monday while others plan to start the four-hour walkout from 7:45 p.m., Renault Samsung spokesman Koh Jae-yong said. Some 1,800 unionized workers already walked out for four hours earlier this month. The local unit of French automaker Renault SA said it has not been able to produce about 400 vehicles due to the partial walkout.

Renault Samsung-March sales

SEOUL, April 1 (Yonhap) -- Renault Samsung Motors Co., the local unit of French automaker Renault SA, said Monday that its March sales dipped 3.3 percent from a year ago due mainly to a slump in domestic and overseas demand. Renault Samsung sold 12,509 vehicles in March, compared with 12,931 units a year ago, the company said in a statement. Still, its March sales jumped 7.7 percent from the previous month, according to the automaker. Domestic sales fell 0.4 percent on-year to 4,769 in March, with exports dipping 4.9 percent to 7,740 vehicles, it said.

Renault to build new Nissan hatchback -report

PARIS, Jan 24 (Reuters) - Nissan Motor Co Ltd plans to build its next hatchback model at one of alliance partner Renault SA's French factories, Les Echos newspaper reported on its website on Thursday. Renault and Nissan Europe declined to confirm the report, which said the new car would be made from 2014 at Renault's Flins or Douai site, and destined for sale across Europe.
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