GM Puts Korea On Notice

[Frosty]

Interesting article. Now that GM has exited Europe, Russia, South Africa and India, it would appear that South Korean operations, GM Daewoo, need to shape up or else. Should GM exit South Korea, that means the GM will only be operating in North America, South America, and China. South American operations are still crippled thanks largely to Venezuela seizing the plants there and economic downturns in Brazil and Argentina. 

 

https://www.bloomberg.com/news/articles/2018-02-06/gm-puts-korea-on-notice-after-exiting-russia-europe-and-india

[Ringo64]

Don't forget they exited Australia too. It's a good idea to scale back if it's not working. 

[Frosty]

I did not forget about Australia. If GM Korea folds, then China and Thailand (Rayong) will be the only Asian factories left.

Obviously Mary Barra is willing to sell or cut brands that aren't performing profitably. Something many of her predecessors weren't willing to do, feeling GM (as a global company) needed to have a presence in every market, even it was at a long-term loss. Daewoo, as a brand, could be the next casualty. Opel and Vauhall are gone. Holden, as brand, still exists even though the vehicles are made elsewhere now.

Edited February 7, 2018 by Frosty