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GM Korea Posts Record Profits Fueled by Success of Strategic Models

GM Korea Posts Record Profits Fueled by Success of Strategic Models

SEOUL, Apr. 15 (Korea Bizwire) — General Motors’ South Korean operations, GM Korea, reported operating profits exceeding 1 trillion won in 2023, marking the highest level since the company’s establishment in 2002 as GM Daewoo. This remarkable performance was driven by the success of strategically allocated models from the global headquarters, the Chevrolet Trailblazer and Trax [...]

LG-GM Joint Venture to Build $2.3 bln Battery Factory in Tennessee

LG-GM Joint Venture to Build $2.3 bln Battery Factory in Tennessee

SEOUL, April 17 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Saturday its joint venture with American automaker General Motors Corp. will build a $2.3 billion electric vehicle (EV) battery factory in Tennessee. Ultium Cells, the joint venture between LG and GM, will build a second U.S. factory with an annual [...]