SEOUL, Oct. 23 (Korea Bizwire) – At a sprawling convention center in this industrial city, General Motors is trying to make a statement about what comes next. Beneath the fluorescent lights of the Daegu International Future Auto & Mobility Expo, the Detroit automaker has assembled a vision of its electric future — one that is [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s GM operations are feeling the brunt of a prolonged U.S. tariff reduction delay, as sales of its flagship export models — the Trax Crossover and Trailblazer — plunge sharply, rekindling concerns over the automaker’s future in the country. According to industry data released Saturday, GM Korea sold 23,723 [...]
SEOUL, Aug. 24 (Korea Bizwire) — As South Korea’s ruling party presses ahead with the passage of the so-called Yellow Envelope Law, one of the country’s most prominent foreign manufacturers, GM Korea, has urged the government to reconsider, warning that its Korean operations could face a reassessment by Detroit headquarters. At a closed-door meeting convened [...]
SEOUL, July 24 (Korea Bizwire) — General Motors will continue importing several vehicle models from South Korea despite profit headwinds from tariffs imposed during former U.S. President Donald Trump’s administration, the company said Tuesday. In the company’s second-quarter earnings call, GM CEO Mary Barra emphasized the strong performance of the automaker’s Korean assembly plants, calling [...]
SEOUL, July 9 (Korea Bizwire) — The labor union of GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., plans to stage a partial strike this week, as it has failed to narrow differences with management in ongoing wage negotiations, union officials said Wednesday. Unionized workers will stage two-hour walkouts across [...]
SEOUL, July 7 (Korea Bizwire) — An ongoing labor dispute at GM Korea Co., the South Korean unit of General Motors Co., has escalated as the union secured the legal right to strike following a breakdown in wage negotiations, sources said Monday, fueling concerns that the American auto giant may scale back its production in [...]
SEOUL, May 29 (Korea Bizwire) — General Motors’ South Korean unit has announced plans to sell off domestic service centers and production facilities, fueling renewed speculation that the Detroit-based automaker may be preparing to wind down its presence in the country. On Thursday, GM Korea informed employees of its decision to divest nine company-owned service [...]
SEOUL, May 28 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak demand for its vehicles. In response to a rapidly evolving industry landscape and global business [...]
SEOUL, May 2 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company [...]
SEOUL, April 17 (Korea Bizwire) — As speculation swirls over a potential withdrawal of General Motors (GM) from South Korea amid mounting pressure from U.S. tariff policy under the Trump administration, GM Korea has publicly rejected the rumors and reaffirmed its long-term commitment to the local market. Speaking at the media launch of Cadillac’s newly [...]