By on August 13, 2013

gm-plans-south-korea-exit-due-to-north-korea-tensions-57494-7

Following labor unrest and increasing costs at their operations in South Korea, General Motors has begun to reevaluate GM Korea’s role in the giant automaker’s production plans. Currently GM Korea, formerly Daewoo, builds about 20% of GM’s global production. The already announced shifting of production of Opel’s Mokka small crossover to the Zaragoza facility in Spain starting in the second half of 2014 may portend other changes in GM Korea’s role. Both foreign and domestic Korean automakers have expressed concern over rapidly rising wages in that country. The strong Korean currency, the won, coupled with those rising labor costs have made Korea one of the more expensive places for GM to build cars. (Read More…)

By on July 31, 2013

gm-korea-facility

Last week, members of the Korean Metal Workers Union approved an annual wage contract with GM Korea that follows more than two weeks of partial strikes that affected GM’s Asian manufacturing base. GM Korea assembles about 40% of Chevy branded cars sold worldwide.

(Read More…)

Recent Comments

  • teddyc73: “the K-based nonsense that went on at Chrysler for forever.” It wasn’t nonsense. It...
  • AmsterCub: I remember thinking the Contour was just modern enough that the design would look good for a long time to...
  • JGlanton: “Wrangler 4XE PHEV and it’s still dependent on gasoline for journeys beyond 21 miles” or,...
  • ajla: ’97 was kind of a thin year on the Escort so you’d probably need to go base trims. If you go to...
  • RHD: I wonder how many Uighurs will have the chance to ride in a Tesla, much less own one. Or even see one. Yup,...

New Car Research

Get a Free Dealer Quote

Who We Are

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