GM plans to build 2 new models in S. Korea, says lawmaker

General Motors plans to produce two new models in South Korea, a local lawmaker quoted GM executive Barry Engle as saying at a meeting with South Korean members of parliament.

Toyota readies cheaper EV motors by halving rare-earth metal use

Toyota is readying electric motors that use as much as 50 percent less in rare-earth metals amid concern of a supply crunch as automakers race to expand their EV lineups.


GM offers $2.2B debt-for-equity swap in return for S. Korea's support, report says

General Motors has offered to convert debt of about $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, Reuters reported.

Sign up for our daily newsletter

We'll send you the top news of the day each weekday afternoon.

Newsletters