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Tag Archives: gm-daewoo
Chevrolet Orlando Debuts this October in Canada, but not U.S. Competitive MPV Rejected Because of Greater Equinox Profits
Unfortunately, U.S. buyers won’t get a shot at Orlando because some executives inside GM are basking in the profits (at the moment) of the more expensive and fuel thirsty Chevrolet Equinox. ‘mericans like trucks and all-wheel-drive, and those versions of the Equinox are giving GM some badly needed profits at the moment.
It’s one of those GM financial decisions that look good on paper at the time, but in my view represents the inability to take a longer term chance by attacking a segment GM’s not in. Ford, with its decision to shelve the C-Max seven passenger minivan, and offer only low volume, expensive plug-in hybrid versions has given GM an opening here. And that says nothing of successful entries such as the Mazda 5 or even the Scion Xb, and who knows what else. Continue reading
General Motors to Build New Chevrolet Malibu in Korea
Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto import market access. The average among major developed economies is approximately 40% market penetration by imported automobiles, but in 2006 in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market was around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading
GM Will Repay $1.0 Billion of Korean Debt
General Motors Company today announced that its GM Daewoo Auto & Technology, Inc. subsidiary will fully repay its Korean revolving credit line by December 8. GM owns 70% of the automaker, which it – ironically – acquired when the parent … Continue reading
Posted in auto news, economy
Tagged auto informed, autoinformed, autoinformed.com, chris liddell, gm bankruptcy, gm debt, gm ipo, gm Korean debt, gm-daewoo, Ken Zino, zino
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