Renault Samsung's Feb. sales plunge 40 pct on lower demand, reduced output
SEOUL, March 2 (Yonhap) -- Renault Samsung Motors Corp. said Monday its sales plunged 40 percent last month from a year earlier due to a shortage of parts caused by the outbreak of the new coronavirus, which limited its output.
Renault Samsung sold 7,057 vehicles in January, down from 11,721 units the same month last year, the company said in a statement.
The company stopped the operation of its sole plant in Busan, 453 kilometers south of Seoul, for four working days in February, as its Chinese parts suppliers halted operations due to an extended Lunar New Year holiday aimed at stopping the spread of the virus outbreak there.
Domestic sales declined 25 percent to 3,673 units last month from 4,923 units a year ago. Exports nosedived 50 percent to 3,384 from 6,798 during the same period, the statement said.
The company's current lineup includes the SM3 compact, the all-electric SM3 Z.E. sedan, the QM3 small SUV, and the SM5, SM6 and SM7 sedans.
French carmaker Renault S.A. has an 80-percent stake in Renault Samsung.
kyongae.choi@yna.co.kr
(END)
-
Pelosi to meet Nat'l Assembly speaker amid heightened regional tensions over Taiwan visit
-
BTS could be allowed to perform overseas during military service: defense minister
-
(LEAD) N. Korea slams Pelosi's Taiwan visit, backs China's position
-
U.S. House Speaker Pelosi arrives in S. Korea amid Sino-U.S. tensions over Taiwan
-
(2nd LD) Kim, Pelosi agree to support efforts for denuclearization of N. Korea
-
(2nd LD) Kim, Pelosi agree to support efforts for denuclearization of N. Korea
-
(LEAD) Assembly speaker meets with Pelosi amid heightened Sino-U.S. tensions
-
BTS could be allowed to perform overseas during military service: defense minister
-
(2nd LD) Yoon calls Pelosi's visit to Seoul sign of deterrence against N. Korea
-
Pelosi to meet Nat'l Assembly speaker amid heightened regional tensions over Taiwan visit
-
N. Korea appears to release border dam water without prior notice: official
-
(2nd LD) Central region suffers damage after heavy rain
-
(LEAD) Central region suffers damage after heavy rain
-
Education minister expected to resign amid criticism of proposal to lower school entry age
-
Whereabouts of 55 Thai tourists on Jeju unknown