GM Korea

This General Motors affiliate is South Korea's third-largest vehicle producer. GM Korea has the potential to produce 9.2 million completed vehicles, as well as 1.4 million engines and gearboxes, at four local South Korean sites. This Korean automaker sells region- and brand-specific car assembly kits to General Motors affiliates in Australia, Brazil, Colombia, China, Germany, India, Mexico, and the United States. It also manufactures car kits for Buick, Chevrolet, Holden, and Open, which are sold in over 150 markets across six continents.

GM Korea's origins may be traced back to Shinjin Motors, which was acquired by General Motors when Toyota withdrew from the firm. However, in 1976, the name was changed to Saehan Motors. In 1976, the Korean Development Bank took over operations due to a lack of funding. This Korean automobile manufacturer was bought by Daewoo Group in 1982, and the name was changed to Daewoo Motor. Following the Asian financial crisis, Daewoo purchased SsangYong in 1998, but the company fell into financial difficulties and was sold to GM subsidiary SAIC in 2001. The majority of previous Daewoo vehicles were rebadged as Chevrolets. Cadillac, GM's premium subsidiary, is also accessible in South Korea.

After a few brand changes and agreements, GM Korea is presently South Korea's third-largest vehicle firm. The 2002 Daewoo Lacetti, which became a GM global vehicle, was the first car built under the current brand. This South Korean automaker controls 7.2 percent of the South Korean vehicle market. Chevrolet Captiva, Chevrolet Malibu, Chevrolet Orlando, and Damas/Labo are just a few of the popular vehicles made by GM Korea.

Detailed information:

Founded: 2002

Founder: Not Known

Headquarters: Bupyeong, Incheon, South Korean

Parent Company: General Motors Investment Pty Ltd.

Website: www.gm-korea.co.kr

Popular Product: Chevrolet Trax