Present
Today, Renault Samsung Motors (RSM) maintains a good position within the Korean automotive market, with its SM5 vehicle continuing to hold its ground against competitors. Also, RSM is in the phase of changing its products from a Nissan based architecture to a Renault based one. For example, the latest SM3 shares its architecture with the Renault Fluence, its predecessor was based on the Nissan Sylphy. Also, according to the development trend of the Renault-Nissan Alliance, gasoline engines will be continued to be provided by Nissan, whereas diesel engines will be provided by Renault. In addition, QM5(a cross over vehicle; code name: H45) was co-developed with Nissan (who is also using the QM5 as the basis for its next Xtrail, code name P32M). It is being sold in Korea, Europe, China, Mexico and South America, and more new vehicles are planned in the future. This will increase the current company production capacity of 125,000~130,000 units to around 250,000 by 2010, as much of the increased production will target BRICs countries such as China, Russia, and also parts of Europe.
As Renault does not have any R&D centers and has only a few factories in Asia, RSM will spearhead the Renault's expansion efforts into the rapidly developing Asian market. Also, Renault is continuing the use of 'Samsung' name until 2020 under a license agreement with the Samsung group.
Read more about this topic: Renault Samsung Motors
Famous quotes containing the word present:
“The present century has not dealt kindly with the farmer. His legends are all but obsolete, and his beliefs have been pared away by the professors at colleges of agriculture. Even the farm- bred bards who twang guitars before radio microphones prefer “I’m Headin’ for the Last Roundup” to “Turkey in the Straw” or “Father Put the Cows Away.””
—For the State of Kansas, U.S. public relief program (1935-1943)
“The present war having so long cut off all communication with Great-Britain, we are not able to make a fair estimate of the state of science in that country. The spirit in which she wages war is the only sample before our eyes, and that does not seem the legitimate offspring either of science or of civilization.”
—Thomas Jefferson (1743–1826)
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—Dorothy Parker (1893–1967)