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Renault Samsung Motors

Renault Samsung Motors
Company nameRenault Samsung Motors
Company typeSubsidiary of Renault S.A.
HeadquartersSouth Korea
Key peopleFrançois Provost (Chairman)
ProductsQM5, SM3, SM5, SM7
Revenue(+) $ 2.77 billion (2006)
Employees7072 (2007-09)
Parent80% Renault
20% Samsung Electronics

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Renault Samsung Motors is a South Korean automobile manufacturer. It was first established as Samsung Motors in 1994 and started selling cars in 1998, just before South Korea was hit by the Asian financial crisis. Negotiations with Renault started in December 1998 and in September 2000 Renault bought a 70% stake for $512 million.

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