Markets

GM may be about to pull out of South Korea

GM could be seriously considering leaving the South Korean market. The company operates GM Korea there and has done so since 2002. The move would follow an exit from Russia and the sale of Opel to PSA in 2017. General Motors and CEO Mary Barra made news last year when […]
GM may be about to pull out of South Korea
Markets

GM bucks the odds and saves its South Korean division

GM will remain in South Korea, heading off prospects of a bankruptcy filing. GM will infuse GM Korea with $US3.6 billion in new funding. An agreement with labour unions was announced alongside the carmaker’s Q1 earnings. When General Motors announced expectation-beating first-quarter earnings on Thursday, it added that the company […]
GM bucks the odds and saves its South Korean division