Renault Samsung Motors will start selling a revamped version of its SM3 compact car in the second half of this year to help cope with slumping domestic demand.
The company said it will unveil the 2-litre model at an auto industry fair in the southern city of Busan next week.
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Renault Samsung SM3 is based on the Renault Megane III.
The company has been hit by a decline in vehicle sales and it posted an operating loss of KRW42.3bn (US$37.8m) in 2009, compared with a profit of KRW134.3bn the previous year. Renault Samsung’s sales dropped 3.7% from a year ago to 189,813 vehicles.
Renault Samsung, which also produces the Nissan Teana and Renault Laguna-based SM5 sedan, has also been hurt by the strength of the Japanese currency because it imports most of its parts from Japan.
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By GlobalData
