Mexican Media Brands
Renault Samsung Motors Struggling with Sales, Labor Issues
South Korea’s Renault Samsung Motors Co. is fighting sagging sales and continuing labor strife, the Korea Herald reports.
#labor #workforcedevelopment
Share
South Korea’s Renault Samsung Motors Co. is fighting sagging sales and continuing labor strife, the Korea Herald reports.
Domestic sales through August fell 18% to 55,600 units, making it unlikely that the company will reach its full-year target of 100,000 vehicles. The company hopes to export about 170,000 cars and vans in 2018.
Renault Samsung is the smallest of Korea’s five carmakers in terms of sales. Demand for the company’s SM6 sedan plummeted 46% to just 16,000 units in January-August, according to the newspaper. It notes that the Renault Clio supermini introduced in Korea five months ago has fallen short of sales expectations. The company hopes for better luck with the Renault Master commercial van being introduced this month.
Renault Samsung is the only Korean carmaker that has not yet settled on a new contract with its labor union, the Herald says. Critics tell the newspaper that carmaker also has generated more complaints about quality and safety issues than its competitors.
RELATED CONTENT
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.