No Future Car Production Allocated to GM Korea and Renault Samsung
February 1, 2021,
GM Korea and Renault Samsung suffered losses in 2020.
GM Korea
fell into negative territory for the seventh consecutive year, while Renault Samsung returned to a loss for the first time in eight years.
GM Korea sold only 368,453 units at home and abroad in 2020, down 11.7 percent from 2019. Compared to 2018 (462,871 units), the sales figure shrank by about 100,000 units.
Renault Samsung
A more serious situation is facing Renault Samsung. In 2020,
it posted 116,166 units in sales, down 34.5 percent from the previous year. The figure was halved from 227,577 units in 2018.
An industry insider
noted that GM Korea and Renault Samsung simply import and sell electric vehicles such as the Bolt and the ZOE,
which means that GM and Renault Group do not regard Korea as a base for producing their future cars.
Labor unions of GM Korea and Renault Samsung need to be wary of this policy, he said.
Businesskorea
http://www.businesskorea.co.kr/news/articleView.html?idxno=59591
GM Korea to Sell off Service Center in Seoul
February 8, 2021,
GM Korea
will sell off even its service center in Yangpyeong-dong, Seoul, the largest of the automaker’s nine directly managed service centers in Korea.
As GM Korea suffered deficits last year for seven consecutive years, the carmaker has decided to sell off service centers to normalize its management.
Businesskorea
http://www.businesskorea.co.kr/news/articleView.html?idxno=60113
Vice Chairman Renault, “If we don’t increase the productivity of the Busan factory, we will leave Korea.”
2021.02.09
Vice Chairman Renault “Insufficient productivity improvement at Busan Plant”
Joongang Ilbo |
https://s.japanese.joins.com/JArticle/275389?sectcode=320&servcode=300