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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 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.

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.

Nissan and Daimler sign Mexico venture plan: source

By Laurence Frost PARIS (Reuters) - Nissan <7201.T> and Daimler <DAIGn.DE> have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday. The carmakers signed a memorandum of understanding last month to create the venture, according to the person, who asked not to be named because the plans are confidential.

Nissan and Daimler sign Mexico venture plan: source

By Laurence Frost PARIS (Reuters) - Nissan <7201.T> and Daimler <DAIGn.DE> have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday. The carmakers signed a memorandum of understanding last month to create the venture, according to the person, who asked not to be named because the plans are confidential.

Exclusive: Mercedes, Infiniti to pool small cars, plant - sources

By Laurence Frost and Edward Taylor GENEVA (Reuters) - Daimler's <DAIGn.DE> Mercedes and Nissan's <7201.T> Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker's North American production and broaden the Infiniti lineup, people familiar with the matter said.

Exclusive: Mercedes, Infiniti to pool small cars, plant - sources

By Laurence Frost and Edward Taylor GENEVA (Reuters) - Daimler's <DAIGn.DE> Mercedes and Nissan's <7201.T> Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker's North American production and broaden the Infiniti lineup, people familiar with the matter said.

Renault Samsung sales drop 33.5 pct in February

SEOUL, March 3 (Yonhap) -- February sales by Renault Samsung Motors Co. dropped 33.5 percent from a year earlier as exports fell sharply, the South Korean division of French automaker Renault SA said Monday. The country's smallest car manufacturer by sales said it sold a total of 7,717 vehicles last month, compared with 11,611 units tallied in the second month of 2013. The press release said domestic sales rose a solid 16.7 percent on-year to 4,821 units, with overseas sales hitting 2,896 vehicles for a loss of 61.3 percent.
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