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  1. Automotive Industry & GM News
    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...
  2. Automotive Industry & GM News
    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...
  3. Automotive Industry & GM News
    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...
  4. Automotive Industry & GM News
    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...
  5. Automotive Industry & GM News
    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...
  6. Automotive Industry & GM News
    Last week it was the subcompact Chevrolet Sonic and a report that the little four- or five-door could bite the dust by the end of this year. Now we hear the Spark - General Motors' smallest U.S. offering - could also be on its way to the nameplate graveyard. Oddly, the Reuters report, which...
  7. Automotive Industry & GM News
    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...
  8. Automotive Industry & GM News
    Amid frantic restructuring designed to keep General Motors' money-losing Korean operations afloat, the automaker has proposed a $2.8 billion investment, a new report claims. According to Reuters, a South Korean government official said GM would invest the funds over the span of 10 years, though...
  9. Automotive Industry & GM News
    The home of America's smallest General Motors vehicles is bleeding sales and cash, forcing the automaker into harsh measures in an attempt to save its South Korean operation. Many fear last week's plant closure announcement is just the beginning of an eventual exodus from the Korean market...
  10. Automotive Industry & GM News
    South Korean President Moon Jae-in says General Motors' decision to shut down its Gunsan plant will negatively impact the region. He's hoping his administration can work some impressive mojo to boost economic activity in the area, but admitted that GM's quick exodus could make that tricky. There...
  11. Global Chevrolet News
    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...
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