GM Korea | SpeedLux

General Motors agrees to stake lock-in, make South Korea regional headquarter

General Motors will stay in South Korea for no less than 10 years and install its Asia-Pacific headquarters in the nation, government officials stated on Thursday, describing terms of a

General Motors7 years ago

GM to provide loans to Korean unit, state-run bank to get shares

General Motors planned $3.6 billion cash infusion to save its South Korean business is going to be in the form of loans, while Korea Development Bank (KDB) will get preference

General Motors7 years ago

GM Korea drops plan to file for bankruptcy following last-minute wage 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

General Motors7 years ago

General Motors Korea sales dive, plans to postpone one shift in Bupyeong

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

General Motors8 years ago

General Motors to close one South Korea plant

U.S. President Donald Trump has used a decision by General Motors to close one of its four plants in South Korea to introduce fresh criticism of the U.S.-South Korea trade

Asian8 years ago

South Korea automakers worried about potential revision of deal, after Trump’s comments

South Korea’s automakers association is worried about the potential revision of the nation’s trade deal with the United States, an official of the market group stated on Friday. The remarks

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