General Motors

General Motors has planned to provide $3.6 billion in fresh funding to its struggling South Korean unit, more than its earlier proposed $2.3 billion as part of a preliminary deal, …

General Motors’ South Korean unit dropped their plan of filing for bankruptcy following winning concessions on pay, bonuses and advantages from its labor union in a tentative deal reached on …

The board of General Motors’ South Korean unit has postponed its decision on filing for court-led rehabilitation proceedings to Monday, according to two sources knowledgeable with the situation. GM Korea …

South Korea’s finance minister stated on Monday that public funds could only be utilize to favor the South Korean auto unit of General Motors if it was obvious that the …

General Motors’ president stated common ground must be reached on a long-term financial restructuring of the automaker’s South Korean auto unit by next Friday and if there has been none, …

South Korea on Friday prompted General Motors’s local subsidiary and labor union to gain a wage deal swiftly, adding the government will be able to talk about support for the …

South Korea has designated the city of Gunsan an ‘industrial crisis zone’, extending its support for the area after plans by General Motors to close a plant as well as …

General Motors is going to stop producing its subcompact Chevrolet Sonic by as early 2019, the Wall Street Journal reported, mentioning people knowledgeable about the matter. While GM is also …

General Motors stated on Tuesday it will stop reporting every month about U.S. vehicle sales, adding the 30-day snapshot does not accurately show the market and the company will, instead, …

General Motors’s South Korean unit has proposed postponing one of two shifts at a plant close to Seoul, an internal union newsletter observed by Reuters showed, boosting uncertainty about the …