Trump’s 25% tariff threat puts GM Korea at risk
More than 90% of GM's Korea-produced cars are exported to US, driven by cost competitiveness US President Donald Trump’s repeated warnings of 25 percent tariffs on auto imports have put General Motors Korea in a conundrum as the American automaker’s Korean production depends heavily on shipments to the US.
GM Korea makes more than 40 percent of Chevrolet's smaller models at its Bupyeong plant, including Aveo, which is no longer sold in the US, and Malibu, which is.
during a news conference at GM Korea's headquarters in Bupyeong, Incheon. "We will stay here, and we intend to make a return on this investment." The remarks came amid rumors that the U.S ...
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GM Korea's January sales down 26.8 pct over weak demandGM Korea Co., the South Korean unit of General Motors Co., said Monday its monthly sales for January dropped 26.8 percent on-year due to weak demand at home and abroad. GM Korea sold 31,618 vehicles ...
GM, which in February announced it would shut one of its South Korean factories, said it will file for bankruptcy should the union refuse to make concessions by April 20. The latest comments ...
South Korea-based Hyundai is the largest exporter of vehicles to the U.S., followed by GM and then Kia Corp., a part of Hyundai that largely operates separately in the U.S. GM has notably ...
GM Daewoo Auto & Technology (GM Daewoo or GMDAT) was first established as National Motor in 1937 in Bupyeong-gu, Incheon, South Korea. After changing its name to Saenara Motor in 1962, Saenara ...
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