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GM Korea Unveils Plans to Introduce Four New Models in the Upcoming Year, Aiming for Strategic Growth

GM Korea Unveils Plans to Introduce Four New Models in the Upcoming Year, Aiming for Strategic Growth

SEOUL, Feb. 4 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Sunday it will launch four new vehicles, including two electric models, this year to strengthen its presence in the domestic market. GM Korea plans to introduce two pure electric models — the Cadillac Lyriq SUV and the [...]

Contrasting Fortunes in 2023: Renault Korea’s Struggle Amidst Sales Slump, GM Korea Achieves Record-Breaking Success

Contrasting Fortunes in 2023: Renault Korea’s Struggle Amidst Sales Slump, GM Korea Achieves Record-Breaking Success

SEOUL, Jan. 3 (Korea Bizwire) –In 2023, Renault Korea Motors, the South Korean unit of Renault S.A., faced significant challenges as its sales plummeted by over 38 percent compared to the previous year. The company reported selling 104,276 vehicles during the year, citing weak demand for its models both domestically and internationally. Domestic sales for [...]

GM Korea Eyes 20% Domestic Car Export Share with Trailblazer and Trax Crossover

GM Korea Eyes 20% Domestic Car Export Share with Trailblazer and Trax Crossover

SEOUL, Nov. 28 (Korea Bizwire) – In a strategic move set to redefine its presence in the domestic market, GM Korea is on the verge of achieving a noteworthy 20 percent share of South Korea’s automotive exports, bolstered by strong sales of the Trailblazer and Trax Crossover. In an industry where the combined market share of [...]

GM Korea Reports Profitable 2022 Financial Results and Outlines Priorities for 2023

GM Korea Reports Profitable 2022 Financial Results and Outlines Priorities for 2023

SEOUL, April 7 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., achieved a surplus in the previous year, thanks to a combination of factors such as high exchange rates, increased exports, cost-cutting measures, strong pricing, and expanded semiconductor availability. At a recent management briefing session held by GM Korea, [...]