SHARE THIS ARTICLE

General Motors and South Korea have agreed to inject $4.

35 billions into the carmaker’s loss-making local arm to keep it afloat after it came close to seeking bankruptcy protection.

GM has been struggling to turn round the debt-laden unit, which has been hit by GM’s exit from Europe where it used to export many of its cars. GM Korea has announced plans to close one of its four South Korean plants and let go 2,600 workers.




Read Article


South Korea Agrees To Bail Out GM Unit And Save 2600 Jobs

About the Author

Agent009

User Comments

PUGPROUD
TheSteve
MDarringer
TomM

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]