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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,
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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
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