Tag: Zaragoza

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…)

Recent Comments

  • stuki: While they can do it, Raptors aren’t for technical trails. They are great for allowing you to go 15mph...
  • stuki: As long as it’s mainly sprung weight (wheels/suspension components kept light), a bit of weight brace...
  • stuki: Outside of areas like garment manufacturing, US line workers no longer takes home more real money than even...
  • agent534: The 2.7 ecoboost is leagues more reliable than the 3.5l with its cam phazer issues. The 3.0 is from the...
  • agent534: Its Bronco sport the Maverick is edging out. Same truck as the Bronco Sport, but with a longer wheelbase, a...

New Car Research

Get a Free Dealer Quote

Who We Are

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