SEOUL, Jan. 30 (Korea Bizwire) — General Motors Co. said Monday it will launch the all-new global product Trax Crossover in South Korea and a Cadillac electric vehicle (EV) this year, a move that underscores its commitment to the Korea market. GM plans to introduce six new and upgraded models, including the Trax Crossover and [...]
SEOUL, Nov. 14 (Korea Bizwire) — The Korean units of three foreign automakers — GM Korea Co., Renault Korea Motors Co. and SsangYong Motor Co. — have a negligible presence in the electric vehicle (EV) market. Their combined domestic sales stood at 133,890 units in the January to October period of this year, down 5.2 [...]
CHANGWON, Oct. 19 (Korea Bizwire) — General Motors Co. said Wednesday it is targeting to transform its South Korean operations into a “profitable and sustainable business” next year by increasing exports of next-generation vehicles. GM Korea Co., GM’s South Korean unit, reported net losses for eight consecutive years through 2021 and expects losses to narrow [...]
SEOUL, Aug. 23 (Korea Bizwire) — Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., have indicated that they would like to be able to purchase GM cars based on a price set on the date of the contract, with prolonged delays in car shipments and rising car prices. The [...]
SEOUL, June 22 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will launch the GMC brand in the second half, with the Sierra Denali set to be released as the brand’s launch model in the Korean market. GM’s decision to launch the GMC brand is part [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s antitrust regulator issued a corrective order to GM Korea Co. for its restriction on dealerships’ advertising activities as the local unit of General Motors Co. has banned its dealerships from advertising through online media, excluding Facebook. The Fair Trade Commission (FTC) on Thursday ordered GM Korea to correct its [...]
SEOUL, May 25 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will add the upgraded Equinox SUV to its lineup next month to prop up its sales here. The midsized Equinox comes with a 1.5-liter gasoline turbo engine instead of the 1.6-liter GM Ecotec diesel engine [...]
SEOUL, May 20 (Korea Bizwire) — General Motors Co. on Friday named new presidents for GM Korea Co. and the South Korean unit’s R&D unit GM Technical Center Korea (GMTCK) amid the unprecedented global chip shortage. GM has appointed Roberto Rempel, currently president of GMTCK, as president and CEO of GM Korea Co, effective June [...]
SEOUL, May 20 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will issue 10 different kinds of non-fungible tokens (NFTs) by recreating its Chevrolet Tahoe SUV as a digital artwork. Illustrator Choi Hwan-wook and motion design artist Lee Cheon-seong participated in the production of the NFT. [...]
SEOUL, April 20 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will adjust vehicle production and relocate workforce in its plants amid an extended global chip shortage. GM Korea and its union agreed to switch to a one-shift system, or regular daytime shift, from the two-shift [...]