Car Auto Online | Renault Samsung Motors is a Korean automaker. It was first established as Samsung Motors in 1994 and began selling cars in 1998, just before South Korea was hit by the Asian financial crisis. Negotiations with Renault started in December 1998 and September 2000, Renault bought a 70% stake for 512 million dollars.
Samsung Motors (also known as the SMI) was born after Samsung Chairman Lee Kun Hee, recognized as the pinnacle of the automotive industry in many other industries. Samsung Group, this would be possible to exploit the resources and technologies of the whole group, including Samsung Electronics and Samsung Electrics. Unfortunately, the Samsung Motors was set up as soon as the Asian economic crisis hit. Samsung sold the SMI, and other key subsidiaries. SMI was the sale of Daewoo Motors and is one of the first companies involved, but the worsening of the crisis had bought a GM. Hyundai Motors has also been considered as a possible buyer, but the company policy and the battle between the Samsung Group and Hyundai Group has made this impossible.
A Nissan Cefiro S Touring, which formed the basis for an old version of SM5.
Along with a personal affection for the cars, the dream of Mr. Lee, to build a world power such as technical assistance SMI Nissan started the company at the top of the SMI was a terrible financial straits. SMI membership of Nissan might be a reason for Renault to buy a large part of society, because Renault had become a major shareholder in Nissan at the latest. One of the designers soon SMI has indicated that the subsidiaries or technical SMI was initially Volkswagen and Honda. However, its financial situation Nissan was forced to publish its technology and expertise in SMI. Nissan also supplied the SMI Motors, one of which is famous for its V6 VQ23DE, VQ35DE now been replaced.
Since 1999, Renault Samsung Motors sold cars in Chile, when the company launched SQ5 (then SM5). In 2011, Chile is the only country that RSM has sold its cars from Renault and Renault Samsung Motors not rebadged.
About Renault Samsung Motors
