SEOUL, May 30 (Korea Bizwire) — POSCO Future M Co., a major South Korean manufacturer of secondary battery materials, said Tuesday its joint venture with General Motors Co. has secured C$300 million (US$221 million) in funding from the Canadian government for their envisioned cathode plant in Quebec. Canadian Industry Minister Francois-Philippe Champagne made the announcement [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s vice industry chief asked General Motors Co. (GM) on Thursday to make an investment in production facilities for electric vehicles (EVs) in the country, as the Seoul government has extended support for nurturing the advanced industry sector, his office said. First Vice Industry Minister Jang Young-jin made [...]
SEOUL, April 25 (Korea Bizwire) — Samsung SDI Co. said Tuesday it is pushing to build an electric vehicle (EV) battery manufacturing facility in the United States in a joint venture with General Motors Co. The South Korean battery maker unveiled the plan in a regulatory filing, under which the two companies have agreed to [...]
SEOUL, March 25 (Korea Bizwire) — The Trax Crossover by General Motors Co. (GM) has received more than 6,000 preorders in South Korea after its debut earlier this week, industry sources said Saturday. The preorders that began Wednesday here are expected to top 10,000 early next week, they said. GM plans to fully operate its [...]
SEOUL, March 22 (Korea Bizwire) — General Motors Co. (GM) on Wednesday began to sell the Trax Crossover in South Korea following its launch in the U.S. market late last year. GM plans to fully operate its Korean plant in Changwon, about 300 kilometers south of Seoul, until the second quarter to meet rising global [...]
SEOUL, March 15 (Korea Bizwire) — Samsung SDI Co. has been in talks with General Motors Co. for a potential business collaboration, although no details have materialized yet, its chief said Wednesday. Choi Yoon-ho, president and CEO of the South Korean battery maker, made the comments after media speculation that the company will build a [...]
SEOUL, March 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Monday it is in the process of acquiring General Motors Co.’s car manufacturing facility in India. Hyundai Motor has signed a term sheet with GM to take over the U.S. carmaker’s Talegaon plant in Maharashtra, the company said in a statement. [...]
SEOUL, Feb. 26 (Korea Bizwire) — General Motors Co. said Sunday it has started the production of the Trax Crossover at its South Korean plant ahead of its local launch in the first quarter. GM plans to ramp up the strategic model’s production to meet the rising demand for the new vehicle in the United [...]
SEOUL, Feb. 7 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., on Tuesday launched the GMC brand’s flagship pickup Sierra to strengthen its lineup and boost sales. The Sierra Denali is the GMC brand’s launch model in the Korean market and the full-size pickup is the only GMC Sierra [...]
SEOUL, Dec. 13 (Korea Bizwire) — LG Energy Solution Ltd. said Tuesday its joint venture with U.S. General Motors Co. has secured US$2.5 billion through a loan program approved by the U.S. government, funding that will help finance the construction of three electric vehicle battery plants in America. The U.S. Department of Energy (DOE) finalized [...]