Samsung Commercial Vehicles

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Samsung Commercial Vehicles Co., Ltd.
Native name
 삼성상용차 주식회사
Subsidiary
Industry Heavy equipment
Founded August 1996[1]
Defunct December 2000
Headquarters Daegu, South Korea
Parent Samsung
Samsung Commercial Vehicles
Hangul 삼성상용차
Hanja 三星商用車
Revised Romanization Samseong Sangyongcha
McCune–Reischauer Samsŏng Sangyongch'a
File:Samsung SV 110 1999 (15588797978).jpg
The Samsung SV110, a slightly modified Nissan Atlas F23.

Samsung Commercial Vehicles (Korean: 삼성상용차,[2] IPA: [sʰamsʰʌŋ sʰaŋjoŋtɕʰa]) was a South Korean trucks and construction equipment manufacturer established by the Samsung Group in 1996 and closed in 2000.[3][4][5]

History

In 1992, Samsung started to seek approval to create a commercial vehicles' assembly plant through Samsung Heavy Industries, with Nissan Diesel's technological assistance.[6] By 1994 the local government reluctantly granted all permissions and in 1996 was initiated the construction of a plant in Daegu.[3][4][5]

The Asian financial crisis hit when the company marketed its first products. Samsung sold its carmaker (Samsung Motors) to the French Renault,[7] but, after negotiations with Renault's Renault VI subsidiary,[8] it decided to keep Samsung Commercial Vehicles.[7] At the end of 2000, however, the company finally declared bankruptcy.[2][5] All its assets were sold and its personnel was transferred to other subsidiaries of the Samsung Group.[2][9] Samsung Commercial Vehicles' failure generated suspicion and accusations of fraud[10] and destruction of evidence for certain managers.[11][12] The company's liquidation ended in 2002.[1]

Models

  • SV110[13]
  • SM510
  • SM530

See also

References

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  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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