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 [...]
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 [...]
SEOUL, Sept. 3 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Sunday it will sell more vehicles directly to customers from this month through the online sales platform as part of its efforts to boost sales. On top of three models available online — the GM Chevrolet brand’s [...]
SEOUL, July 19 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., on Wednesday launched the upgraded Trailblazer compact SUV in South Korea to beef up its product lineup and boost sales. The face-lifted Trailblazer comes with a 1.35-liter gasoline E-Turbo engine, the company said in a statement. It is [...]
SEOUL, June 16 (Korea Bizwire) — General Motors Co. on Friday appointed a marketing expert from its Mexican operations as president and CEO of GM Korea. Hector Villarreal, vice president in charge of vehicle sales, service and marketing at GM Mexico, will replace Roberto Rempel on August 1. Rempel has decided to retire after serving [...]
SEOUL, June 8 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will launch the all-electric Cadillac LYRIQ SUV later this year in line with its parent firm’s electrification plan. Lyriq is GM’s luxury Cadillac brand’s first electric model and is powered by GM’s Ultium EV battery [...]
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, [...]
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 [...]