General Motors Korea Sales Total 40,264 Vehicles in September
General Motors Korea reported total sales of 40,264 vehicles in September. Domestic sales were down 36.1% year-over-year with a total of 8,991 vehicles sold to customers throughout Korea, and export sales were up slightly at 31,273 vehicles delivered. In contrast, GM Korea’s September sales from 2016 totaled 45,239 vehicles, of which 14,204 units sold domestically […]
General Motors Korea June Sales Total 43,692 Vehicles
General Motors Korea announced June sales totaling 43,692 vehicles; domestic sales totaled 11,455 vehicles, while exports totaled 32,237 vehicles. Domestic sales fell 36.6% year-over-year, but GM Korea points to the Cruze and Spark, both recipients of the 2017 Brand Customer Loyalty Index award, as brand sales leaders while highlighting the successes of the Malibu and […]
2021 Chevy Colorado Hits South Korean Streets
On Sept. 15, sales began in South Korea for the brand-new 2021 Chevy Colorado. The midsize pickup first made a splash in the Asian country a year ago and has quickly become a best-selling phenomenon. The newly refreshed 2021 model features more standard equipment and two new range-topping trim levels. The Safest Choice for your […]
Chevrolet Sparks Earns Top Spot in Korean Customer Satisfaction Survey
For the fifth year in a row, the Chevrolet Spark has earned the No. 1 spot for its segment in the Korean Customer Satisfaction Survey. The annual survey, put together by Korea Management Association Consulting evaluates customer attitudes toward products and services across a range of industries. For five years in a row, the Spark […]
Chevy Bolt EV Is Popular Choice of Drivers in South Korea
High EV demand in South Korea prompted General Motors to increase its production of the Chevy Bolt EV last year. Focusing on the stylish, well-equipped EV has proven to be a smart move for the automaker. According to Inside EVs writer Wade Malone and GM Authority writer, Sam McEachern, deliveries in South Korea of the […]
GM Korea Donates 30 Sparks in Chevrolet Never Give Up Campaign
In an effort to help improve its home community, the General Motors Korea Employee Foundation in November donated 30 Chevrolet Sparks to 30 different organizations as part of the Chevrolet Never Give Up campaign. The campaign, which has been ongoing since May, pledges to donate one vehicle to a worthwhile family, cause, or organization for […]
Six Nominated to GM Technical Center Korea Board
General Motors has nominated six global senior executives to join the Board of Directors for the new GM Technical Center Korea. This follows the July announcement that Korea will spearhead global design, development, and engineering responsibilities for compact SUVs. The six nominees to the Board are Roberto Rempel, GM executive chief engineer; Michael Simcoe, GM […]
GM Korea CEO Helps Make Kimchi as Part of “Kimchi of Love” Event
More than 300 volunteers from General Motors Korea got their hands dirty — or at least the rubber gloves adorning their hands — making 12 whole tons of kimchi for 71 social welfare facilities and child welfare facilities in Seoul. The volunteers were joined by reps from GM Korea’s suppliers and Korea Food for the […]
Trump’s Auto Tariff Plans Could Spell Disaster for GM Korea
President Donald Trump is weighing a plan to increase vehicle import tariffs, and that could be bad news for GM Korea. General Motors’ struggling South Korean unit has been operating at a loss due to declining sales, slowing demand for the smaller cars it builds, and shrinking export markets. However, earlier this month, GM and […]
Final Deal Nearly in Place for Rescue of GM Korea
With bankruptcy off the table, General Motors and the South Korean government are finalizing the details of a rescue deal for the struggling GM Korea unit. The deal could be signed as soon as Friday. As part of it, Korean officials say GM has agreed to stay in the country for at least 10 more […]
Union Deal Means GM Korea Won’t File for Bankruptcy
After reaching a tentative deal with its labor union today, GM Korea is no longer making plans to file for bankruptcy. General Motors’ South Korean unit lost more than $1 billion in 2017 and was in the red for three years before that, too. Today’s union deal sets the stage for the government to step […]
Unless Union Makes Concessions by April 20, GM Korea Could File for Bankruptcy
General Motors says GM Korea will file for bankruptcy if its union doesn’t make concessions by April 20. The U.S. automaker’s struggling South Korean operations are in danger of running out of cash by the end of the first quarter. General Motors has sought help from the government along with the union concessions in order […]
Can GM Korea Be Salvaged? Stay Tuned
Can General Motors’ struggling South Korean operations be saved? That’s the question government officials have been discussing with the automaker this week. GM announced last week that it plans to close its Gunsan plant, which has only been operating at 20% of capacity. The future is also in doubt for the automaker’s other three South Korean […]
GM Korea Delivers 42,401 Vehicles in January, Sees Promise With Bolt Deliveries Coming in April
General Motors Korea reported sales totaling 42,401 vehicles in January, down 9.5% year-over-year and down 6.7% month over month. Domestic sales tumbled 32.6% to 7,844 vehicles delivered, and export sales fell 1.8% at 34,557 vehicles. Despite the continued decline in sales, no doubt a significant contributor to the decision to shutter its manufacturing plant in […]
GM Korea Sales Total 42,543 Vehicles in November; Domestic Sales Increase Month-Over-Month
General Motors Korea reported combined sales of 42,543 vehicles in the month of November, down 19.8% from sales totaling 53,042 in November 2016. Domestic sales totaled 10,349 vehicles, which was up 34.9% month-over-month but down 40% year-over-year from 2016’s total of 17,236 vehicles delivered. Export sales totaled 32,194 vehicles, down 10.1% from November 2016’s total […]
Is GM Getting Ready to Exit the South Korean Automotive Market?
After recently exiting a number of other global markets, GM might soon be adding South Korea to that growing list
Over the past few months, General Motors has been removing its operations from several global markets. Earlier this year, GM announced that it would stop manufacturing vehicles in India due to a small market share there, and the story played out similarly in South Africa. Now, another country might lose its GM operations—one that happens to […]
GM Korea Sales Total 34,535 Vehicles in October; Three Philanthropic Initiatives Take Place Toward End of Month
General Motors Korea reported total sales of 34,535 vehicles in October, including 26,863 vehicles exported to markets around the globe and 7,672 vehicles sold domestically. Domestic sales were down 54.2% year-over-year from October 2016’s record, but sales of the Trax were up 53.1% at 959 vehicles delivered. “GM Korea has refreshed our sales strategy to […]
Chevrolet Trax Sets Milestone for GM Korea, Enjoys 99% Sales Growth in August
General Motors Korea reported domestic sales totaling 10,004 vehicles and exports totaling 31,307 vehicles in August, bringing total sales for the month to 41,311 vehicles. Domestic sales fell 21.7% year-over-year, but the automaker noted the uptick in sales for the Chevrolet Trax and Chevrolet Malibu as bright spots. “The core products such as Trax and […]