By on November 18, 2020

Over the last few years, General Motors has been cautiously hinting that it wants to pull out the Korean market. In 2018, the automaker started worrying about regional bankruptcy and shuttered one of its South Korean facilities after noting that labor costs had been on the rise. While the government handed GM 850 billion won ($712.85 million) in industrial aid to stick around, the region is known for labor disputes. We even celebrated the fact that South Korean Hyundai failed to strike in 2019. General Motors was less fortunate, however.

The Detroit-based company is once again discussing abandoning the market and citing labor issues as the primary cause. Employees have been organizing limited daily strikes since October 30th. Despite only lasting part of a single shift, it’s impacting production and will only end once the automaker ends a wage freeze enacted during the aforementioned deal in 2018.

(Read More…)

Recent Comments

  • Jeff S: @DenverMike–So if its an old enough and bad enough heap they will not tow it. It does seem it would be...
  • Jeff S: True the auto makers are not going to make vehicles to 2 standards and less populated states and cities...
  • Art Vandelay: I’d get this over a Mustang. I don’t need a back seat and appreciate them building an...
  • Art Vandelay: Maybe an NA version to go with the twin turbo like Z’s past.
  • Art Vandelay: They made a 2+2 for like 3 generations It never was a huge seller. Besides if you need a Z with a back...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber