• GM is making an aggressive push to save its South Korean business - but the clock is ticking

    One year ago - By Business Insider

    GM is taking urgent steps to fix its ailing South Korean business.
    The carmaker isn't yet ready to exit the market or sell GM Korea, as it did with Opel in Europe in 2017.
    The first step toward rightsizing the operation is the closure of an underutilized factory.
    General Motors is moving quickly to fix its business in South Korea.
    After CEO Mary Barra highlighted problems with GM Korea on the carmaker's fourth-quarter earnings call, the company announced on Monday that it would shutter its plant in Gunsan by May, citing capacity utilization of just 20% for the past three years.
    GM expects...
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  • GM slowing operations in South Korea

    GM slowing operations in South Korea

    One year ago - By Reuters

    General Motors says it's closing one of its four plants in South Korea and incurring an impairment charge as part of a restructuring of its money-losing business in Asia's fourth-biggest economy. Laura Frykberg reports.
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