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 [...]
SEOUL, March 30 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will add the Tahoe full-size SUV to its lineup next month to meet a rising demand for SUVs amid the extended COVID-19 pandemic. GM Korea will begin the delivery of the Chevrolet Tahoe SUV to [...]
SEOUL, Feb. 21 (Korea Bizwire) — A court has ruled in favor of GM Korea Co., the South Korean unit of General Motors Co., in a lawsuit filed against the government’s decision to retrieve its subsidy provided for a facility the carmaker disposed of in 2019, sources said Monday. The suit was filed by GM [...]