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.

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