The Korea Herald reports that Renault has said it will use its experience in Korea as a springboard to enter the Chinese market in the near future.
Georges Douin, who stepped down yesterday from his post as the executive vice president of Renault, told Korean reporters that Renault Samsung Motor Co.’s development of engineering and manufacturing facilities would help the group expand into other Asia Pacific regions including China.
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“China will be on the agenda for our new management. If we do enter China, we plan to do it with unique assets. It will be a mixture of what we did in Korea and in Europe,” said the 60-year-old former executive of product planning and international operations.
Douin, worked at Renault for the past 38 years after he joined as an engineer in 1967. He will be replaced by Patrick Pelata as part of a sweeping executive council changeover started by new Renault boss Carlos Ghosn.
The French automaker had announced last November that it will invest $600 million in its Korean arm through 2008 to develop a sport-utility vehicle and a new gasoline engine.
“About half of the SUVs may be exported under the Renault badge to areas such as Europe and Australia,” said Jerome Stoll, chief executive of Renault Samsung Motor.
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