Subscribe
Automakers

Geely buys stake in Renault Korea, eyeing U.S. exports

Renault Samsung XM3 Arkana 2021
The Renault Samsung XM3 compact SUV, shown with the logo of Renault Samsung Motors, is one of the models built in Renault Group's Busan factory in South Korea. It is exported to Europe as the Renault Arkana.
R
By:
Reuters
May 10, 2022 05:11 AM

China's Geely Automobile will buy just over a third of Renault's Korea unit for $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business.

Featured Stories

Nissan’s next CEO Ivan Espinosa opens up on what makes him tick
Nissan’s next CEO Ivan Espinosa opens up on what makes him tick
GM expanding use of regional hubs to pool inventory for dealers
GM expanding use of regional hubs to pool inventory for dealers
Trump says auto tariff coming, teases reciprocal duty breaks
Trump says auto tariff coming, teases reciprocal duty breaks
Hyundai Motor Group’s new $6B steel mill in Louisiana will help reduce tariff exposure
Hyundai Motor Group’s new $6B steel mill in Louisiana will help reduce tariff exposure

Latest News

Scammers are pushing auto loan fraud to record levels
Daily 5 report for March 25: Questions about Elon Musk unanswered by Tesla’s board chair
Aston drops the top on Volante with twin-turbo V-12 roadster
China’s Fuyao Glass to expand float glass output at Illinois factory
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Hyundai Canada launches nonprofit to fight childhood cancer, and other news from across Canada
Auto tariffs unlikely on April 2 as Trump weighs more targeted reciprocal levies, reports say
Ford China partner Changan to start EV sales in Europe
Top 5 stories of the week: Foxconn nears EV deal; Canadians could flood used-car market
Staying current is easy with newsletters delivered straight to your inbox.