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GM to sell plant in S. Korea to local parts maker

2019-03-29 1 Dailymotion

한국GM 군산 공장, 부품 업체가 인수<br /><br />General Motors Korea has signed an initial deal with a consortium of autoparts makers to sell its shuttered plant in Gunsan.<br />The consortium plans to turn the facility into a parts factory for electric vehicles.<br />The acquisition price reportedly reached 180 million U.S. dollars.<br />The plant was shut down last May due to a low utilization rate and as part of GM's gobal reorganization plan.

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