GM pledges $7.3 billion investment in S. Korea unitFeb. 22, 2013 13:32 CET  General Motors said it would invest $7.3 billion in its South Korean unit over the next five years -- an amount which will likely help relieve concerns that the U.S. automaker was set to reduce its presence in the country. Last year, the automaker said it would not build its next-generation Chevrolet Cruze in Korea, raising the possibility that it might shift assembly to Europe to help boost efficiency at its money-losing unit Opel.... Read More »
GM defends Opel plan based on new models, steady cutsJan. 16, 2013 10:24 CET  General Motors will stick with an Opel recovery plan that combines ambitious model rollouts with a "series of incremental things" to cut costs over time, the automaker said. Earlier this week, GM was forced to deny reports it was preparing to offload the European unit on partner PSA.... Read More »
Automakers flock to Russia in search of growth 12:01 am U.S. ET | Sept. 2, 2012  Luxury cars to indulge the rich were the stars as the Moscow auto show opened on Wednesday, but it is the normal Russian citizen that the world's carmakers are targeting, as they hope to profit from one of Europe's few growing markets.... Read More »
Automakers flock to Russia in search of growthAug. 30, 2012 09:48 CET  Luxury cars to indulge the rich were the stars as the Moscow auto show opened on Wednesday, but it is the normal Russian citizen that the world's carmakers are targeting, as they hope to profit from one of Europe's few growing markets.... Read More »
GM seen planning global reorganization to tackle 'fiefdoms'Aug. 17, 2012 10:34 CET  GM CEO Dan Akerson is planning a reorganization of the automaker that would move it away from long-entrenched regional authority toward a structure built on global functions, said two people familiar with the planning.... Read More »
GM appoints Tim Lee as head of global manufacturing 10:05 am U.S. ET | July 16, 2012  GM tapped its head of China and other key international markets to also lead its global manufacturing operations. Tim Lee, 61, was appointed GM's vice president of global manufacturing. He'll retain his position as president of GM's international division. Lee replaces Diana Tremblay, 52, who becomes vice president of North American manufacturing and will report to Lee.... Read More »
GM seeks to offset Europe losses with Russian growthJune 22, 2012 14:04 CET  General Motors, facing continued losses in western Europe, broke ground on the expansion of its factory in St. Petersburg, Russia, that will more than double annual production capacity from the current 98,000 vehicles to 230,000 vehicles by 2015. GM plans to add 5 Opel models in Russia.... Read More »
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