SEOUL, Aug. 28 (Korea Bizwire) — Unionized workers at GM Korea Co. will continue to stage a strike for an increase in wages as the company balks at the union’s demands, GM Korea’s union said Wednesday. The automaker’s 10,000-member union plans to hold an eight-hour partial strike on Friday, a full-scale walkout from Sept. 9-10 [...]
SEOUL, Aug. 22 (Korea Bizwire) — A General Motors Co. executive on Thursday urged employees at GM Korea Co. to help the South Korean unit get back on track this year amid weak sales and strikes. During his visit to GM Korea’s main Bupyeong plant in Incheon, just west of Seoul, Julian Blissett, president of [...]
INCHEON, Jun. 25 (Korea Bizwire) — General Motors Co.’s recent facility investment in South Korea and plans to launch new vehicles show the U.S. carmaker’s strong commitment in the market, a GM executive said Tuesday. Early this year, the Detroit carmaker began to build a paint shop at the Changwon plant, one of its three [...]
SEOUL, May 30 (Korea Bizwire) — General Motors Co. will produce the all-new Chevrolet Trailblazer sport-utility vehicle in South Korea later this year, the local unit said Thursday. The Trailblazer is the compact SUV mentioned in GM’s restructuring scheme for its South Korean unit. The new model will be produced in GM Korea’s plant for [...]
SEOUL, Apr. 23 (Korea Bizwire) — Workers at GM Korea Co.’s R&D firm voted to go on strike against the carmaker’s move to apply unfavorable wages and working conditions for the spin-off entity, GM Korea’s union said Tuesday. In a vote held Monday and Tuesday, 83 percent of 2,067 employees at the GM Technical Center [...]
SEOUL, Apr. 16 (Korea Bizwire) — GM Korea Co. and Renault Samsung Motors Corp., the South Korean units of U.S. and French auto giants, respectively, are mired in a dispute that is fueling concerns over the broader South Korean auto industry this year. In recent years, the two carmakers, affiliates of General Motors Co. and [...]
SEOUL, Mar. 29 (Korea Bizwire) — General Motors Co. on Friday signed an initial deal with auto parts makers to sell off its shuttered plant in Gunsan, the U.S. automaker’s South Korean unit said. GM signed an initial agreement with a consortium, including Hyundai Autotech Co., to hand over the four-assembly-line factory in the industrial [...]
SEOUL, Mar. 26 (Korea Bizwire) — General Motors Co. will open its Asia-Pacific regional headquarters in South Korea this week in a move to show its commitment to the local market, the carmaker said Tuesday. The Asia-Pacific regional headquarters will be responsible for managing production, sales, marketing and finances for GM operations in the Asia-Pacific [...]
SEOUL, Feb. 1 (Korea Bizwire) — Vehicle sales of South Korea’s five carmakers fell 5.5 percent last month from a year earlier on weak overseas demand, corporate data showed Friday. The five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a combined [...]
SEOUL, Dec. 18 (Korea Bizwire) – The state-run Korea Development Bank (KDB) said Tuesday it supports GM Korea Co.’s plan to spin off its research unit, marking a reversal from the lender’s opposition to the controversial scheme that is also strongly opposed by the carmaker’s labor union. Lee Dong-gull, governor of the KDB, told reporters [...]