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GM Korea's April sales fall 6.3% on weaker demand
GM Korea's April sales fall 6.3% on weaker demand

Korea Herald

time02-05-2025

  • Automotive
  • Korea Herald

GM Korea's April sales fall 6.3% on weaker demand

GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company said in a press release. Domestic sales plunged 42 percent on-year to 1,326 units last month from 2,297, while exports declined 4.3 percent to 40,318 from 42,129. From January to April, total sales dropped 9.1 percent to 154,161 units from 169,638 a year earlier. Domestic sales tumbled 41 percent to 5,434 units from 9,216, while exports were down 7.3 percent to 148,727 from 160,422. As part of a two-track strategy, GM Korea sells both domestically assembled and imported vehicles in South Korea, Asia's fourth-largest economy. Its current lineup is composed of two locally assembled models -- the Trailblazer SUV and the Trax Crossover -- and two imported models -- the Colorado pickup and the GMC Sierra Denali pickup. (Yonhap)

GM will lay off 200 workers at Factory Zero Detroit-Hamtramck Assembly
GM will lay off 200 workers at Factory Zero Detroit-Hamtramck Assembly

CBS News

time10-04-2025

  • Automotive
  • CBS News

GM will lay off 200 workers at Factory Zero Detroit-Hamtramck Assembly

General Motors will temporarily lay off 200 employees at its Factory Zero in Detroit-Hamtramck Assembly Center. The company says the layoffs are not related to tariffs. The layoffs are effective April 14. "Factory ZERO will adjust production to align with market dynamics," the automaker said in a statement. "Impacted employees will be placed on a temporary layoff and may be eligible for subpay and benefits in accordance with the GM-UAW national contract." Factory ZERO opened in 1985 and employs more than 4,500 workers. It serves as the "launchpad for General Motors' multi-brand all-EV strategy," according to the company's website . The plant produces the Chevrolet Silverado EV, the GMC Sierra Denali, the Cadillac Escalade IQ and the Hummer EV SUV and pickup. On Monday, Jeep-maker Stellantis idled production at plants in Canada and Mexico and temporarily laid off 900 workers at its Warren Stamping and Sterling Stamping plants in Michigan, as well as its Indiana Transmission Plant, Kokomo Transmission Plant and Kokomo Casting Plant. The decision, which was based on tariffs, impacted 4,500 represented Windsor employees.

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