South Korea: Renault Samsung hit by higher costs

According to Jean-Marie Hurtiger, Renault Samsung Motors chief executive officer, the 80%-owned Korean operating unit of Renault probably saw a fall in its operating profitability in 2009 after a stronger yen increased the cost of Japan-sourced components.   As quoted by Bloomberg, Hurtiger noted: “The operating profit will be negatively impacted Subscribe to Automotive World … Continued

• By Webmaster
• January 11, 2010