Search Results for ‘gm korea’

While Hyundai seems to have miraculously dodged labor strikes in South Korea this year, General Motors does not appear to possess the same good fortune. However, it would be difficult to place the blame squarely on the shoulders of Lady Luck. GM's been considering pulling out of the region over...

Fresh off its multi-billion dollar bailout, GM's Korean division is at risk again following a "national security" investigation into car and component imports launched by the White House. The conclusions of the investigation could lead to a 25% tariff on the imported vehicles and automotive...

Just four days after Chevrolet announced that it would be giving the Spark a round of minor updates for the 2019 model year, Reuters reported that the small car's future was shakier than Berkeley. Now, though, GM's Korean unit is announcing that it will show off a new Spark locally. That bodes...

Despite only barely holding onto life by the skin of its teeth, GM's South Korean unit is expecting a speedy turn around. With investments in a new, small SUV and a crossover, GM Korea expects to return to profit in 2019. Both the small SUV and the crossover would be designed for the local...

The Buick Encore isn't going away anytime soon. Built by GM Korea, the little crossover, its Chevrolet Trax twin, and the diminutive Chevy Spark will continue chugging out of the country's three GM assembly plants and making a boat ride to the U.S., all thanks to a multi-billion dollar...

If you spent the weekend in a state of breathless suspense, allow us to let some air out of that balloon. General Motors' embattled Korean division, source of America's smallest GM cars, has pulled back from the brink of bankruptcy after reaching an 11th hour deal with its union. The tentative...

As April 20th dawns without a wage deal with its workforce, General Motors' troubled Korean division could be well down the road to bankruptcy. GM Korea, which recently announced the closure of an assembly plant amid a continued loss of sales and money, needed to reach a deal with its 16,000...

GM Korea's existence is on the line amid changing buyer habits, decreasing profitability, and despite billions in investments. GM's operations in South Korea go back to those of Daewoo, which GM took over in 2002. Since then, GM Korea has been responsible for design and production of small cars...

General Motors workers in South Korea forced their way into company executive offices on Thursday, destroying furniture in response to news that the automaker's local unit told employees there will be no bonuses due its ongoing cash crisis. Based on video evidence, the incident itself was...

There are reports coming from Korea that GM could withdraw from the local market after posting an almost $500 million operating loss last year, a third consecutive in the red. Following the losses, the company announced a voluntary retirement program for employees on the business side--the...

General Motors began taking pre-orders in South Korea last week for the all-electric Bolt. In under two hours, the entirety of the first shipment was spoken for. By the end of that day, March 17, more than 2,000 additional orders had been placed, proving - once again - that GM is killing it in...