South Korea’s Renault Samsung Motors announced this week it options to export its XM3 SUV product to Europe from next yr to enable lift creation volumes and utilisation at its plant in Busan.
The automaker, which is 81% owned by Renault, said the car would be badged as the Arkana in Europe. The compact SUV is equipped with a one.three-litre petrol immediate injection turbocharged motor.
The conclusion to export the XM3 followed the conclusion of exports of the Nissan Rogue SUV, which is now (redesigned product) produced specifically by Nissan at its Smyrna plant in Tennessee.
Renault-Samsung documented a 27% decline in world wide product sales to eighty four,158 models in the to start with eight months of 2020 from 114,705 models in the identical period of time of last yr, thanks to the influence of the COVID-19 pandemic and also the discontinuation of Rogue orders from Nissan. This followed an 18% product sales decline to 227,577 models in the complete of 2019.