SEOUL, April 15 (Korea Bizwire) — A joint venture between South Korean battery maker LG Energy Solution Ltd. and U.S. automaker General Motors Corp. will build its second battery factory in Tennessee to step up production, industry sources said Thursday. Ultium Cells, a joint venture between LG and GM, has picked a site in Tennessee [...]
SEOUL, Feb. 4 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will cut vehicle production by half at one of its three plants from next week due to a lack of semiconductor chips. GM Korea’s planned output reduction is in line with U.S. parent GM’s decision [...]
SEOUL, Nov. 19 (Korea Bizwire) — An executive of General Motors Co., the parent company of GM Korea Co., said it could withdraw from South Korea if workers at the Korean unit continue to go on strike for wage hikes amid the COVID-19 pandemic, a news report said Thursday. GM Korea workers have been staging [...]
SEOUL, Nov. 14 (Korea Bizwire) — General Motors Co. said Saturday it has decided to recall electric vehicles equipped with batteries made by South Korean producer LG Chem Ltd. due to safety concerns. The recall covers the Bolt EV produced from 2017 to 2019, installed with LG Chem’s batteries made from Ochang, 120 kilometers south [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it has taken an initial step to acquire a General Motors Co. plant in Russia as part of its expansion strategy. Last week, Hyundai Motor submitted documents to the Russian government in the first step toward the acquisition of the GM plant [...]
SEOUL, July 2 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will invest 800 billion won (US$667 million) as planned in the coming years, despite the new coronavirus outbreak. GM Korea President and CEO Kaher Kazem reaffirmed the company’s commitment during his visit to the company’s [...]
SEOUL, June 21 (Korea Bizwire) — General Motors Co. is committed to expanding its position in South Korea by introducing more electric vehicles amid growing appetite for zero-emission cars thanks to improving charging infrastructure and state subsidies, the company has said. In a virtual media briefing held Wednesday, Jesse Ortega, architectural chief engineer at GM’s [...]
BOSTON, June 8 (Korea Bizwire) – Anaqua, the leading provider of innovation and intellectual property management solutions, today announced that General Motors (GM) has selected Anaqua to help manage its extensive global patent and design portfolio. Through the agreement, GM will leverage Anaqua’s fully integrated software and services to streamline their IP management lifecycle globally. As the company’s [...]
SEOUL, Dec. 6 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday it will establish a 50:50 joint venture with General Motors to build a battery cell assembly plant in the world’s most important automobile market amid a global push for zero emissions. LG Chem and GM said they will invest [...]
SEOUL, Sept. 9 (Korea Bizwire) — Unionized workers at GM Korea Co. on Monday staged a full-scale strike for the first time in 22 years as they demand an increase in wages despite warnings from the company’s global headquarters. Some 8,000 workers participated in the walkout at the plants in Incheon, west of Seoul, and [...]