Renault Samsung Motors Corp. may suspend the operation of its sole plant in South Korea for three to four days next month due to lower demand triggered by the COVID-19 pandemic.
The suspension would be done after the Chuseok holiday, which starts on Sept. 30 and lasts through Oct. 5.
The company intends to control inventories amid weak sales.
Renault Samsung and its labor union are in wage and collective agreement talks for the year 2020.
Renault Samsung's sales from January to August plummeted 27 percent to 84,158 vehicles from 114,705 units n the same period last year.
The company's car lineup includes the XM3 SUV, QM6 SUV, all-electric SM3 Z.E. sedan, and SM6 sedan.
Groupe Renault owns an 81 percent share in Renault Samsung.


Google Secures Pentagon AI Deal for Classified Projects
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 



