Renault-Samsung Head Visits Korea

Louis Schweitzer, chairman & CEO of Renault SA, arrived in Korea on Monday amid speculation over the company's new strategy for the local subsidiary Renault Samsung Motor Co.

Renault Samsung was formed in 2000 after the French auto giant acquired controlling assets of Samsung Motor Inc. The manufacter exports only a small number of cars most produced for Korean domestic marketl.


Schweitzer's visit has drawn huge attention mainly due to widespread rumors that Renault is considering building a new engine plant at the Busan base.

Korea's smallest carmaker produces small and midsize models using platforms provided by Nissan Motor Co., Renault's subsidiary in Japan.


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