• Sign in to follow this  
    Followers 0

    GM Korea Plans Job Cuts Due To Chevrolet Pullout In Europe


    As we reported a couple weeks ago, General Motors has decided to pull Chevrolet from Europe to give Opel and Vauxhall some breathing room. But with this pullout comes a problem for GM in South Korea. The continent produced most of the Chevrolet models for Europe. With Chevrolet saying pulling out in late 2015, production volume is expected to drop 20 percent. This has GM thinking about cutting jobs.

    Reuters reports that GM Korea is planning to launch a "voluntary retirement" the 6,000 salaried workers by March. A spokesperson says this is the fourth round of job cuts since 2009. GM Korea CEO Sergio Rocha says that no production jobs will be cut.

    "Workloads are too light and there is a lot of anxiety about job restructuring," said an employee.

    GM Korea is currently working on 2015 Chevrolet Sonic, but reportedly has nothing to work on after that.

    "For me, this is the biggest crisis facing GM Korea since 2000 (when Daewoo Motor went bankrupt)," the employee went onto say.

    Source: Reuters

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    I think GM needs to look at dumping the Euro Union jobs and go with the better built Korean folks. I think this would help them in quality and long term growth of the market.

    Sadly, I think GM still needs to shrink departments around the world to deal with the over all world economy issues and over capacity problems.

    -1

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. caddycruiser
      caddycruiser
      (31 years old)
    2. Keenaq8wwq
      Keenaq8wwq
      (28 years old)
    3. ohsnap
      ohsnap
      (39 years old)
  • Similar Content

    • By William Maley
      The rivalry of the Chevrolet Camaro and Ford Mustang has been going for ages in the U.S. But now this fight has expanded into China.
      Automotive News reports that a growing group of Chinese buyers are being drawn towards to these models as the exude the no-apologies Americana attitude.
      "We're seeing the beginning of a muscle car culture here. Something that is uniquely American appeals to the Chinese consumer. The image that it relays to the automotive public is very positive," said James Chao, a China market auto analyst with IHS Markit.
      Sales of both models are small with Chevrolet only moving 2,000 Camaros since its launch 2011. Ford is doing slightly better with 6,200 Mustangs sold since its launch in 2015. In the first quarter, Mustang sales saw a 90 percent increase to 963 vehicles. Part of the reason for the slow sales comes down to the price. The Camaro starts about 399,900 yuan (about $58,000) - more than double of the base price of $26,900 in the U.S. The Mustang isn't that far behind, costing about $15 dollars less. Prices are increased due to a 25 percent import tariff on U.S. made vehicles, homologation and shipping fees, and Chinese buyers trending to splurge on higher-time models.
      But despite the low sales, the Camaro and Mustang are bringing buyers to dealers. These models act as eye candy to help draw shoppers into showrooms with the hope they'll purchase a vehicle, where it be the eye candy or something a little less exciting.
      Source: Automotive News (Subscription Required)

      View full article
    • By William Maley
      The rivalry of the Chevrolet Camaro and Ford Mustang has been going for ages in the U.S. But now this fight has expanded into China.
      Automotive News reports that a growing group of Chinese buyers are being drawn towards to these models as the exude the no-apologies Americana attitude.
      "We're seeing the beginning of a muscle car culture here. Something that is uniquely American appeals to the Chinese consumer. The image that it relays to the automotive public is very positive," said James Chao, a China market auto analyst with IHS Markit.
      Sales of both models are small with Chevrolet only moving 2,000 Camaros since its launch 2011. Ford is doing slightly better with 6,200 Mustangs sold since its launch in 2015. In the first quarter, Mustang sales saw a 90 percent increase to 963 vehicles. Part of the reason for the slow sales comes down to the price. The Camaro starts about 399,900 yuan (about $58,000) - more than double of the base price of $26,900 in the U.S. The Mustang isn't that far behind, costing about $15 dollars less. Prices are increased due to a 25 percent import tariff on U.S. made vehicles, homologation and shipping fees, and Chinese buyers trending to splurge on higher-time models.
      But despite the low sales, the Camaro and Mustang are bringing buyers to dealers. These models act as eye candy to help draw shoppers into showrooms with the hope they'll purchase a vehicle, where it be the eye candy or something a little less exciting.
      Source: Automotive News (Subscription Required)
    • By William Maley
      Last October, Chinese automaker Geely unveiled a new global brand called Lynk & Co. This brand stood out in a few ways,
      Vehicles will be sold online Owners will be able to share their Lynk & Co vehicles to make some money An open application programming interface to develop in-car applications Recently announcing all of their vehicles would come with lifetime warranties The plan was for the brand to launch in China this year, with Europe and U.S. following in late 2018. But a new report from Automotive News says the launch for Europe and U.S. has been pushed back to 2019.
      “We think we will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later,” said Alain Visser, Lynk & Co's senior vice president of marketing and sales.
      The reason for pushback comes down to Lynk & Co needing more time to establish a company-owned dealership network as it is taking slightly longer to find the locations. Visser said the company wants to build up a network of 500 dealers comprising of flagship and temporary pop-up stores. Despite having stores, vehicles will be sold online and delivered to the owner's house or office.
      Visser said plans for the Chinese launch is still on schedule with the 01 crossover launching towards the end of the year.
      Source: Automotive News (Subscription Required)
      Pic Credit: Newspress

      View full article
    • By William Maley
      Last October, Chinese automaker Geely unveiled a new global brand called Lynk & Co. This brand stood out in a few ways,
      Vehicles will be sold online Owners will be able to share their Lynk & Co vehicles to make some money An open application programming interface to develop in-car applications Recently announcing all of their vehicles would come with lifetime warranties The plan was for the brand to launch in China this year, with Europe and U.S. following in late 2018. But a new report from Automotive News says the launch for Europe and U.S. has been pushed back to 2019.
      “We think we will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later,” said Alain Visser, Lynk & Co's senior vice president of marketing and sales.
      The reason for pushback comes down to Lynk & Co needing more time to establish a company-owned dealership network as it is taking slightly longer to find the locations. Visser said the company wants to build up a network of 500 dealers comprising of flagship and temporary pop-up stores. Despite having stores, vehicles will be sold online and delivered to the owner's house or office.
      Visser said plans for the Chinese launch is still on schedule with the 01 crossover launching towards the end of the year.
      Source: Automotive News (Subscription Required)
      Pic Credit: Newspress
    • By dfelt
      G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com
      National BOLT Lease Deal with 15,000 miles.
      According to CarsDirect web site, Chevrolet rolled out starting April 1st a national lease deal on the Chevy BOLT.
      Details of the Lease:
      $329 a month for 36 months with $3,809 due at signing with 15,000 miles of range per year. 
      This is a hell of a deal when you compare the normal lease deals are just 10,000 or for a bit more, 12,000 miles per year.
      Now if your in a CARB state like California or Oregon, you get an additional $2,250 off on the lease. Thus giving you a upfront cost of only $1,559, 15,000 miles and a monthly payment of just $329. Sweet deal for the LT. The premier is just a bit more $347 according to the local web site in Seattle.
       
  • Recent Status Updates

  • Who's Online (See full list)