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 [...]
SEOUL, Feb. 14 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Monday it has added the Traverse High Country sport utility vehicle to its lineup to boost sales amid the extended COVID-19 pandemic. The Traverse SUV’s top trim model is being manufactured in GM’s Lansing Delta Township plant [...]
SEOUL, Aug. 24 (Korea Bizwire) — Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., accepted the company’s revised wage proposals for the year, the union said Tuesday. In their second vote held Monday and Tuesday, some 65 percent of GM Korea’s unionized workers agreed to accept the revised proposals [...]
SEOUL, Aug. 16 (Korea Bizwire) — GM Korea Co. will kick off car sales on a 100 percent online basis, a first among South Korean car brands. The South Korean unit of General Motors Co. announced that the Bolt EUV, the Chevrolet brand’s first electric SUV model, will be sold exclusively through the Chevrolet online [...]
SEOUL, Aug. 11 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., on Wednesday unveiled the Bolt EUV, the Chevrolet brand’s first electric SUV model, to meet rising demand for environment friendly vehicles. GM Korea also unveiled the upgraded Bolt crossover utility vehicle to revive sales in Asia’s fourth-biggest economy, [...]
SEOUL, July 26 (Korea Bizwire) — South Korean units of three foreign carmakers suffered the worst sales slump since 1998 in the first half of this year in the face of toughening competition with their Korean rivals and luxury German brands, industry data showed Monday. The Korean units of GM Korea Co., Renault Samsung Motors [...]
SEOUL, June 20 (Korea Bizwire) — South Korean units of three foreign carmakers are finally pivoting to a more electric future in the face of toughening competition with their Korean rivals and luxury German brands as a way to survive in the changing business environment. The Korean units of three foreign carmakers — GM Korea [...]
SEOUL, April 15 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will suspend two of its three plants next week due to a lack of semiconductors parts. GM Korea will halt the No. 1 and No. 2 plants in Incheon, 40 kilometers west of Seoul, from [...]
SEOUL, Feb. 5 (Korea Bizwire) — Management crises are sweeping over South Korean units of foreign automakers. Financially-troubled SsangYong Motor Co. stalled operation of its plant in Pyeongtaek, 70 kilometers south of Seoul, last Wednesday after several subcontractors refused to supply essential parts and demanded payment. The South Korean unit of Indian carmaker Mahindra & [...]
SEOUL, Feb. 4 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will cut vehicle production by half at one of its three plants from next week due to a lack of semiconductor chips. GM Korea’s planned output reduction is in line with U.S. parent GM’s decision [...]