Nissan seeking better terms in Renault merger talks, report says

As Nissan and Renault discuss ways -- including a possible merger -- to strengthen their ties, Nissan is resisting a combination unless the company gains more clout in key areas, Bloomberg reported.


GM Korea rescue calls for stake lock-in, regional HQ

GM will stay in South Korea for at least 10 years and set up its Asia-Pacific headquarters in the country, according to terms of the deal rescuing the struggling unit.

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UPDATED: 4/23/18 10:38 am ET -- adds details
Activist investor turns up heat on Hyundai

Activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.

UPDATED: 4/20/18 9:21 am ET - adds details
GM Korea, union fail to reach wage deal

GM's South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.

As GM mulls options, how does bankruptcy work in S.Korea?

GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales. A look at how South Korea's court-managed bankruptcy protection procedures work.


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