You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
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 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.
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.
Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.