SEOUL, Nov. 14 (Korea Bizwire) — General Motors Co. said Saturday it has decided to recall electric vehicles equipped with batteries made by South Korean producer LG Chem Ltd. due to safety concerns. The recall covers the Bolt EV produced from 2017 to 2019, installed with LG Chem’s batteries made from Ochang, 120 kilometers south [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it has taken an initial step to acquire a General Motors Co. plant in Russia as part of its expansion strategy. Last week, Hyundai Motor submitted documents to the Russian government in the first step toward the acquisition of the GM plant [...]
SEOUL, July 2 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will invest 800 billion won (US$667 million) as planned in the coming years, despite the new coronavirus outbreak. GM Korea President and CEO Kaher Kazem reaffirmed the company’s commitment during his visit to the company’s [...]
SEOUL, June 21 (Korea Bizwire) — General Motors Co. is committed to expanding its position in South Korea by introducing more electric vehicles amid growing appetite for zero-emission cars thanks to improving charging infrastructure and state subsidies, the company has said. In a virtual media briefing held Wednesday, Jesse Ortega, architectural chief engineer at GM’s [...]
BOSTON, June 8 (Korea Bizwire) – Anaqua, the leading provider of innovation and intellectual property management solutions, today announced that General Motors (GM) has selected Anaqua to help manage its extensive global patent and design portfolio. Through the agreement, GM will leverage Anaqua’s fully integrated software and services to streamline their IP management lifecycle globally. As the company’s [...]
SEOUL, Dec. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday it will invest US$916 million in its U.S. affiliate for a plan to set up an electric vehicle (EV) battery manufacturing joint venture with General Motors in the United States. Earlier in the day, Reuters reported that the two [...]
SEOUL, Oct. 10 (Korea Bizwire) — General Motors Co. is set to violate an initial agreement signed between the carmaker’s South Korean unit and the South Korean government by attempting to establish a separate R&D corporation, a lawmaker said Wednesday. In his policy review submitted as part of a parliamentary audit, Jung You-sub, a representative [...]
SEOUL, May 29 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, has emerged as a key supplier of General Motors Co. after it secured a US$1.1 billion deal to provide auto parts for eight years, the company announced Tuesday. The Detroit-based carmaker recently picked Hyundai Mobis as one of [...]
SEOUL, April 18 (Korea Bizwire) – General Motors Co. on Wednesday offered to relocate workers from the South Korean plant it plans to close next month to other local production lines in an effort to get the union to accept the restructuring plan laid out by management. The suggestion comes against a background of strong resistance from GM Korea Co.’s union to the U.S.-based carmaker’s decision to [...]
SEOUL, Sept. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, saw their sales growth in Chile slow down this year due to the won’s strength, a state-run trade promotion agency said Monday. In the January-July period, Hyundai’s sales in the Latin American market grew 11 percent on-year to 17,276 [...]