INCHEON, Jun. 25 (Korea Bizwire) — General Motors Co.’s recent facility investment in South Korea and plans to launch new vehicles show the U.S. carmaker’s strong commitment in the market, a GM executive said Tuesday. Early this year, the Detroit carmaker began to build a paint shop at the Changwon plant, one of its three [...]
SEOUL, May 30 (Korea Bizwire) — General Motors Co. will produce the all-new Chevrolet Trailblazer sport-utility vehicle in South Korea later this year, the local unit said Thursday. The Trailblazer is the compact SUV mentioned in GM’s restructuring scheme for its South Korean unit. The new model will be produced in GM Korea’s plant for [...]
CHAMPFROMIER, FRANCE, May 23 (Korea Bizwire) – On Tuesday 14th May 2019, AKWEL received a “Silver Award” from Jaguar Land Rover during its annual Supplier Excellence Awards ceremony held in Coventry (UK). Only 15 suppliers out of 3500 around the world were recognised for their extraordinary contribution to Jaguar Land Rover’s business, cost transformation and [...]
SEOUL, Mar. 29 (Korea Bizwire) — General Motors Co. on Friday signed an initial deal with auto parts makers to sell off its shuttered plant in Gunsan, the U.S. automaker’s South Korean unit said. GM signed an initial agreement with a consortium, including Hyundai Autotech Co., to hand over the four-assembly-line factory in the industrial [...]
SEOUL, Mar. 26 (Korea Bizwire) — General Motors Co. will open its Asia-Pacific regional headquarters in South Korea this week in a move to show its commitment to the local market, the carmaker said Tuesday. The Asia-Pacific regional headquarters will be responsible for managing production, sales, marketing and finances for GM operations in the Asia-Pacific [...]
SEOUL, Oct. 29 (Korea Bizwire) — GM Korea Co.’s decision to build a separate R&D corporation will strengthen General Motors Co.’s long-term ties with South Korea, GM Chief Executive Mary Barra said Monday. The GM Korea union recently sent a letter to the GM CEO demanding a meeting to clear up speculation around GM’s commitment [...]
SEOUL, Feb. 19 (Korea Bizwire) — The current situation pertaining to GM Korea is reminding auto industry veterans of the struggles of SsangYong Motor a decade ago, except a similar result this time around promises to wreak greater harm on the national economy. Once briefly owned by Daewoo Motors, SsangYong Motor was put on the [...]
SEOUL, Feb. 13 (Korea Bizwire) – GM Korea’s decision to close one of its manufacturing plants is expected to undercut the South Korean automobile industry’s competitiveness on the world stage. Reports that General Motors will shutter its Gunsan facility – one of its four car assembly plants in South Korea – over low demand come [...]
SEOUL, Feb. 9 (Korea Bizwire) — Mired in a sales slump, GM Korea is seeking government aid in a last-minute effort to save its car manufacturing business in South Korea, the Ministry of Strategy and Finance has confirmed. GM International head Barry Engle has been in touch with high ranking South Korean government officials to [...]
SEOUL, South Korea, March 22 (Korea Bizwire) – South Korean TV shopping network Lotte Home Shopping recently experienced firsthand the surge in the popularity of electric cars when it aired a special program last Friday featuring electric cars for lease. During the hour-long broadcast, the network saw more than five thousand customers call in to [...]