Samsung Commercial Vehicles
|Headquarters||Daegu, South Korea|
|Samsung Commercial Vehicles|
|Revised Romanization||Samseong Sangyongcha|
Samsung Commercial Vehicles (Korean: 삼성상용차, IPA: [sʰamsʰʌŋ sʰaŋjoŋtɕʰa]) was a South Korean trucks and construction equipment manufacturer established by the Samsung Group in 1996 and closed in 2000.
In 1992, Samsung started to seek approval to create a commercial vehicles' assembly plant through Samsung Heavy Industries, with Nissan Diesel's technological assistance. By 1994 the local government reluctantly granted all permissions and in 1996 was initiated the construction of a plant in Daegu.
The Asian financial crisis hit when the company marketed its first products. Samsung sold its carmaker (Samsung Motors) to the French Renault, but, after negotiations with Renault's Renault VI subsidiary, it decided to keep Samsung Commercial Vehicles. At the end of 2000, however, the company finally declared bankruptcy. All its assets were sold and its personnel was transferred to other subsidiaries of the Samsung Group. Samsung Commercial Vehicles' failure generated suspicion and accusations of fraud and destruction of evidence for certain managers. The company's liquidation ended in 2002.
- 삼성상용차 24일 파산 신청 [Samsung Commercial Vehicles for bankruptcy in 24 days]. article.joins.com (in Korean). JoongAng Ilbo. 23 February 2002. Archived from the original on 31 July 2013. Retrieved 24 August 2013.
- 삼성상용차 부지 경매절차 시작 [Starts the process to auction the Samsung Commercial Vehicles' lot]. yeongnam.com (in Korean). The Yeongnam Ilbo. 16 October 2002. Retrieved 20 March 2013.
- "History". Samsung. Archived from the original on 2 July 2012. Retrieved 19 March 2013.
- Guillen, Mauro F. (2003). "Developing Industry: Automobile and component manufacturing". The Limits of Convergence: Globalization and Organizational Change in Argentina, South Korea, and Spain. Princeton University Press. pp. 166–167. ISBN 978-0-691-11633-4.
- "Samsung Commercial Vehicle Applies for Bankruptcy". english.chosun.com. The Chosun Ilbo. 24 November 2000. Retrieved 19 March 2013.
- "Company News: Samsung Planning commercial vehicle venture". nytimes.com. New York Times. 13 June 1992. Archived from the original on 18 August 2013. Retrieved 19 March 2013.
- Michell, Anthony (2010). "Samsung Electronics and the Samsung Group". Samsung Electronics and the Struggle For Leadership of the Electronics Industry. John Wiley & Sons. pp. 57–58. ISBN 978-0-470-82266-1.
- "Renault mulls stake in Samsung truck". wards.com. Ward's. 1 February 2000. Retrieved 17 August 2013.
- <기업구조조정> 삼성상용차, 자산은 매각·인력은 계열사 수용 ["Corporate restructuring:" Samsung commercial vehicles, sale of assets and personnel transfer to subsidiaries] (in Korean). Labortoday.com. 3 November 2000. Retrieved 20 March 2013.
- "심상정의원이 예금보험공사의 삼성 상용차에 대한 조사와 관련하여 제기한 5가지 의혹에 대한 해명" [Members of the Deposit Insurance Corporation in connection with an investigation into Samsung Commercial Vehicles which raised doubts about five registers]. newswire.com. Newswire. 25 September 2005. Retrieved 24 August 2013.
- "삼성상용차 설비매각, 알고보니 '비리 투성'" [Sale of Samsung Commercial Vehicles' equipment and units looked 'riddled with corruption']. Ohmynews.com. 8 October 2004. Retrieved 20 March 2013.
- "김용철 "삼성,법원 매수해 삼성상용차 분식회계서류 빼내 해운대서 소각"" [Kim Yong: "Samsung Commercial Vehicles' accounting fraud out of document incineration "]. news.chosun.com. The Chosun Ilbo. 26 November 2007. Retrieved 20 March 2013.
- "삼성삼성상용차, 도시형 1톤트럭 SV110出市" [Samsung Commercial Vehicles: 1-ton urban truck SV110]. samsung.co.kr. Samsung. 2 November 1998. Retrieved 20 March 2013.