Is GM About to Leave Korea?
You wouldn't know it from the cars on the streets in Seoul, but General Motors is South Korea's third-largest automaker. GM makes cars and SUVs in Korea for export to markets around the world -- a strategy that has helped keep costs on some smaller models competitive.
But costs are rising, thanks to a combative local union -- and GM is hinting that it might take its production elsewhere. In this video, Fool.com contributor John Rosevear looks at the war of words between GM and the local Korean union -- and at why it might make sense for GM to move its operations elsewhere.
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The article Is GM About to Leave Korea? originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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