GM South Korean unit to spend $7.3 billion to expand

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
+ Reply to Thread
Page 1 of 3 123 LastLast
Results 1 to 15 of 42

Thread: GM South Korean unit to spend $7.3 billion to expand

  1. #1
    GMI Canada Editor Premium Member ne_one's Avatar
    Join Date
    Sep 2008
    Location
    St. Catharines, Ontario
    Posts
    9,561
    Thanks
    142
    Thanked 64 Times in 41 Posts

    GM South Korean unit to spend $7.3 billion to expand

    GM South Korean unit to spend $7.3 billion to expand
    Automotive News
    February 22, 2013

    General Motors Co.'s South Korean unit plans to invest 8 trillion won ($7.3 billion) over five years to expand in a country where it made four of every 10 Chevrolets sold worldwide last year.

    GM Korea Co. will boost manufacturing facilities and double the size of its design center this year to the company’s third-largest after U.S. and Brazil, the company said in an e-mailed statement.

    The automaker is increasing investment at the unit from 1 trillion won a year as it starts building new models to compete with a resurgent Toyota Motor Corp. The maker of the Prius regained the top spot in global sales from GM last year.

    Full article at link.

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    R2-D2 Astromech Droid Premium Member Neanderthal's Avatar
    Join Date
    Nov 2004
    Location
    East of the west.
    Posts
    24,262
    Thanks
    807
    Thanked 771 Times in 498 Posts
    My Ride
    15Soul+ Yellow; 01 PT LTD

    Re: GM South Korean unit to spend $7.3 billion to expand

    Well, that's a pretty tidy sum. Say, could we pay off our debt in won? A trillion here, a trillion there...

    15Soul+ 13Charger8A 13Soul 11 200V6 07GPGXP 07Spectra 95LHS 04Imp 03Accord 02Regal 02AccordV6 01Accord 99GolfTDi 98Concorde 97Concorde 97HXCivic5m 96Concorde 95Intrepid 94Protege5m 92SHO5m 93Protege5m 92P50Taurus 91Camry5m

    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
    ― Thomas Jefferson



  4. #3
    6.2 Liter LS9 Supercharged V8 Butz's Avatar
    Join Date
    Nov 2003
    Location
    Alexandria, VA
    Posts
    8,069
    Thanks
    309
    Thanked 135 Times in 78 Posts
    My Ride
    DC Metro

    Re: GM South Korean unit to spend $7.3 billion to expand

    See Korea in your Chevrolet

  5. #4
    Banned hunchman's Avatar
    Join Date
    May 2005
    Location
    Bridgeport
    Posts
    2,245
    Thanks
    0
    Thanked 1 Time in 1 Post
    My Ride
    2012 F150 ecobeast 4x4

    Re: GM South Korean unit to spend $7.3 billion to expand

    Who was it that benefited from the bail out at GM again?

  6. #5
    5.3 Liter Vortec V8 fakeout's Avatar
    Join Date
    Aug 2010
    Location
    Canada
    Posts
    1,412
    Thanks
    0
    Thanked 1 Time in 1 Post

    Re: GM South Korean unit to spend $7.3 billion to expand

    The design center that turned the Orlando concept into a weird bubble look? Oopsies.
    AWD wagons
    Feeling Good by David Burns

    Biodiesel forum
    http://biodiesel.infopop.cc/6/ubb.x?a=cfrm&s=447609751
    Fuel documentary
    http://www.youtube.com/watch?v=v3CBOdgBlk8

  7. #6
    6.2 Liter LS3 V8 ByTheLake's Avatar
    Join Date
    Jun 2004
    Location
    Traverse City, MI
    Posts
    3,895
    Thanks
    1
    Thanked 29 Times in 17 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    GM will invest where it has the best opportunities to expand. The US is no longer GM's biggest market, and the US market is not expanding, so it makes sense to invest where it has the biggest global opportunity, which is the Asian markets.

  8. #7
    4.6 Liter Northstar V8 Rick_VT's Avatar
    Join Date
    Jul 2006
    Location
    Canberra Australia
    Posts
    1,940
    Thanks
    1
    Thanked 48 Times in 25 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    Quote Originally Posted by hunchman View Post
    Who was it that benefited from the bail out at GM again?
    Anyone who managed to keep their job, thats who.

  9. #8
    6.2 Liter LS3 V8 Premium Member jzchev28's Avatar
    Join Date
    Oct 2005
    Location
    Toledo, OH
    Posts
    3,249
    Thanks
    1,072
    Thanked 375 Times in 209 Posts
    My Ride
    2014 Silverado Z71 Blue Topaz

    Re: GM South Korean unit to spend $7.3 billion to expand

    Quote Originally Posted by hunchman View Post
    Who was it that benefited from the bail out at GM again?
    GM is a global company, I don't understand why people like you cry every time they invest in a foreign market. Do you really think they haven't invested in this market already after the bailout. GM has been adding back jobs here after the bankruptcy, if they were still bleeding jobs here then I'd have a problem with it.

  10. #9
    6.2 Liter LS9 Supercharged V8 plane's Avatar
    Join Date
    May 2005
    Location
    Banned
    Posts
    6,838
    Thanks
    175
    Thanked 118 Times in 67 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    Japan? Australia? New Zealand? Indonesia? Africa?

    $7B isn't pocket change except for mgescuro who spends that on lunch every Friday.
    It will be interesting to see what that money targets.
    All tyranny needs to gain a foothold is for people of good conscience to remain silent.

    Edmund Burke

  11. #10
    3.0 Liter SIDI V6
    Join Date
    Aug 2010
    Posts
    650
    Thanks
    79
    Thanked 20 Times in 11 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    That's a lot of money, how much profit comes from these markets? I thought the majority of their profit came from the North American trucks and very little came from elsewhere but I could be wrong, have been before and will be again.

  12. #11
    GMI Staff Writer Premium Member ausrutherford's Avatar
    Join Date
    Mar 2008
    Location
    Death Valley, South Carolina
    Posts
    8,038
    Thanks
    22
    Thanked 381 Times in 181 Posts
    My Ride
    2013 Ford Focus

    Re: GM South Korean unit to spend $7.3 billion to expand

    Quote Originally Posted by fakeout View Post
    The design center that turned the Orlando concept into a weird bubble look? Oopsies.
    I thought the Orlando was designed by Holden?
    Have sales for GM not seen in THIS POST? Email Me

    Go Tigers! BCS Orange Bowl Champs!

  13. #12
    4.4 Liter Supercharged Northstar Lowboy's Avatar
    Join Date
    Sep 2010
    Location
    Warren, Ohio
    Posts
    2,799
    Thanks
    32
    Thanked 90 Times in 62 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    Quote Originally Posted by ByTheLake View Post
    The US is no longer GM's biggest market,
    By their own doing one might add.

    BUT, it is still their biggest profit center.

  14. #13
    GMI Canada Editor Premium Member ne_one's Avatar
    Join Date
    Sep 2008
    Location
    St. Catharines, Ontario
    Posts
    9,561
    Thanks
    142
    Thanked 64 Times in 41 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    Quote Originally Posted by fakeout View Post
    The design center that turned the Orlando concept into a weird bubble look? Oopsies.
    None of the design centers operate in isolation.

    More often than not, product design is a collaborative effort between multiple locations, all of which ultimately report to the RenCen.

  15. #14
    2.4 Liter SIDI ECOTEC avinarf's Avatar
    Join Date
    Nov 2008
    Location
    Port Elizabeth, South Africa
    Posts
    262
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: GM South Korean unit to spend $7.3 billion to expand

    Korean built Chevy's have had iffy quality issues...
    Current Cars:
    2008 Opel Astra OPC
    2013 Opel Astra 1.6T Sport
    2008 Opel Zafira 1.9 CDTi
    2003 Opel Astra 2.0 CSX
    2012 Chevrolet Spark 1.2 LS

  16. #15
    6.2 Liter LS9 Supercharged V8 VS Ute 5Litre's Avatar
    Join Date
    Oct 2009
    Location
    Wagga NSW
    Posts
    8,605
    Thanks
    104
    Thanked 330 Times in 212 Posts
    My Ride
    2008 SX Holden Captiva Diesel

    Re: GM South Korean unit to spend $7.3 billion to expand

    Quote Originally Posted by avinarf View Post
    Korean built Chevy's have had iffy quality issues...


    What about Korean Built Opels?

    She’s got four a colour, four a clear
    She’s lookin’ better year by year
    And unlike you tonight she’s riding low

    So baby its goodbye
    You could never get me high
    Like when I light the nitro on my
    HQ454 Monroe

  17. Remove Advertisements
    GM Inside News
    Advertisements
     

Quick Reply Quick Reply

Register Now

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
Powered by vBadvanced CMPS v4.1.2