Renault Samsung Motors to collaborate with Samsung Group

A recent interview with Renault Samsung’s CEO Jean Marie Hurtiger revealed plans to expand cooperative efforts with the Samsung Group. Hurtiger said that it could be in the area of advanced materials and chemical compounds, new materials to get better design and lighter materials to reduce the weight of a car. It is expected that this collaboration could begin in 2011. One of the major markets for Renault Samsung is mini cars. Hurtiger expressed the view that in the Korean market, the mini-car segment is growing. He thinks that there is room for new entrants, particularly if the vehicles are fuel efficient. The company will unveil the updated version of the SM7 which is a roomy mid-size car and is expected to launch in August or September of 2011. The cars will be exported, possibly to China. (April 4, 2011)