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GM Korea Facing Serious Challenges amid Liquidity Shortfalls

GM Korea Facing Serious Challenges amid Liquidity Shortfalls

SEOUL, Apr. 9 (Korea Bizwire) — The South Korean unit of the U.S. auto giant GM Motors is currently facing difficulties paying its workers and subcontract companies as it faces a serious liquidity crunch, industry watchers said Sunday. According to corporate sources, Kaher Kazem, the CEO of GM Korea, recently organized a staff meeting, where [...]