When Samsung Launched A Car Company (and Failed)

#ACwJ #SamsungMotors Back in the 1990s Samsung finally dove into a dream they had of entering the automobile market and founded Samsung Motors. A brand new factory, a technical partner in Nissan, and in 1998 the first Samsung SM5 rolled off the assembly line.... just in time for the Asian Financial crisis and the worst sales year in Korean history! Losing money, they scrambled and found a buyer in Renault, and surprisingly the company is still in business today! Intro 00:00 Early Samsung History 00:40 Interest in Cars 02:14 Asian Financial Crisis 04:09 Samsung Motors SM5 04:49 The End is Near 05:39 Renault-Samsung Motors 06:14 Outro 07:14 Be sure to subscribe to our channel and show the love! This channel is supported by viewers like you! Please consider supporting our histories and news-pinions: https://www.patreon.com/AllCarswithJon Got a Car you'd like to see me review? Just fill in this easy form to reach out to me! https://forms.office.com/r/YdDkTnJRfr OMG! We're on Instagram now! https://www.instagram.com/allcarswithjon

Added 17 Apr 2026