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GM Korea Dodges Shareholder Request To See Tax Report

GM Korea was accused of evading taxes in Korea in 2018.
By |October 16th, 2020|Article Type, Asia, Bailout, Business, Financial, Kaher Kazem, Korea, Market, News, People, Tax|Comments Off on GM Korea Dodges Shareholder Request To See Tax Report|
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    General Motors Believes GM Korea Will Turn A Profit Next Year

General Motors Believes GM Korea Will Turn A Profit Next Year

The South Korean government doesn't think the unit will profit until 2022, however.
By |May 11th, 2018|Article Type, Asia, Bailout, Business, Financial, Investment, Korea, Market, News, Profitability, Report|Comments Off on General Motors Believes GM Korea Will Turn A Profit Next Year|
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    General Motors, South Korea Agree To $7 Billion Bailout For GM Korea

General Motors, South Korea Agree To $7 Billion Bailout For GM Korea

Following a union agreement, the automaker and government have a bailout plan ready.
By |May 10th, 2018|Article Type, Asia, Bailout, Business, Financial, Korea, Market, News, Report|Comments Off on General Motors, South Korea Agree To $7 Billion Bailout For GM Korea|
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    GM Korea To Receive $4.35 Billion Lifeline Following Union Concessions

GM Korea To Receive $4.35 Billion Lifeline Following Union Concessions

GM Korea will live to see another day.
By |April 27th, 2018|Article Type, Asia, Bailout, Business, Financial, Korea, Market, News, Report|Comments Off on GM Korea To Receive $4.35 Billion Lifeline Following Union Concessions|
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    GM Korea, Auto Union Reach Tentative Wage Agreement To Avoid Bankruptcy

GM Korea, Auto Union Reach Tentative Wage Agreement To Avoid Bankruptcy

GM Korea was on the verge of filing for bankruptcy.
By |April 23rd, 2018|Article Type, Asia, Bailout, Business, Configuration, Downsizing, Financial, GM employment, Korea, Market, Negotiations, News, Planning, Production, Production work, Report|Comments Off on GM Korea, Auto Union Reach Tentative Wage Agreement To Avoid Bankruptcy|
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    GM Korea And Union Fail To Reach Wage Deal, One Last Round Of Talks Underway

GM Korea And Union Fail To Reach Wage Deal, One Last Round Of Talks Underway

GM Korea and the local auto union failed to reach a wage deal after marathon talks on Thursday. Now, both sides are holding one last round of talks today in[...]
By |April 20th, 2018|Article Type, Asia, Bailout, Business, Decisions, Financial, GM employment, Korea, Market, Negotiations, News, Report, Union|Comments Off on GM Korea And Union Fail To Reach Wage Deal, One Last Round Of Talks Underway|
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    GM Korea Is “Simply Going To Run Out Of Money,” Automaker Says

GM Korea Is “Simply Going To Run Out Of Money,” Automaker Says

The deadline to strike a deal and avoid bankruptcy is tomorrow, April 20.
By |April 19th, 2018|Article Type, Asia, Bailout, Business, Financial, Korea, Market, News, Report|Comments Off on GM Korea Is “Simply Going To Run Out Of Money,” Automaker Says|

GM Korea May Have A Tentative Funding Deal In The Works

The Korean Development Bank could sign a preliminary agreement on April 27.
By |April 17th, 2018|Article Type, Asia, Bailout, Business, Decisions, Financial, Government, Korea, Market, News, Report|Comments Off on GM Korea May Have A Tentative Funding Deal In The Works|
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    GM Presents $2.8 Billion Investment Plan For South Korea Over 10 Years

GM Presents $2.8 Billion Investment Plan For South Korea Over 10 Years

It's the latest step in negotiations, but GM wants the South Korean government to make its fair share of the investment.
By |February 21st, 2018|Article Type, Asia, Bailout, Business, Decisions, Financial, Government, Investment, Korea, Market, News, Report|Comments Off on GM Presents $2.8 Billion Investment Plan For South Korea Over 10 Years|
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    General Motors Canada Bailed Out With Incomplete Data, Auditor General’s Report Indicates

General Motors Canada Bailed Out With Incomplete Data, Auditor General’s Report Indicates

The Canadian government didn't receive a finalized restructuring plan from GM Canada.
By |November 26th, 2014|Bailout, Business, Controversy, Federal, Financial, Investment, News, Repayment, Subsidiaries|Comments Off on General Motors Canada Bailed Out With Incomplete Data, Auditor General’s Report Indicates|