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 [...]
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 [...]