Dan Akerson, CEO of General Motors, says his company is making contingency plans to move workers from South Korea should tensions escalate further between that country and North Korea. While speaking in an interview on CNBC's Squawk Box, Akerson said, "We are making contingency plans for the safety of our employees to the extent that we can."
The executive also touched on production. GM has over 17,000 workers across five plants in South Korea, which produce around 1.3 million vehicles per year for export. Those include the Chevrolet Spark subcompact sold in North America. The factories also produce 145,000 vehicles for the South Korean Market.
Akerson says that GM can't shift production out of South Korea quickly, but that if the region continues to destabilize due to North Korean saber rattling, the company may have no choice but to consider shifting its operations out of the region as part of long-term planning. He also makes it clear that any issues in South Korea could have wide-ranging impacts on the global automotive industry as a whole. You can watch the interview for yourself below.
Popular post
-
If the stress in your life is more than you can cope with, get help right away. National Suicide Prevention Lifeline 1-800-273-TALK (8255) ...
-
Modern Combat 4 is live and ready for duty on Xbox Windows Phone 8 | Windows Phone Central Skip to main content And...
-
by Salisbury52 Great game. Brings back so many good memories. The bad part is that if you are not willing to spend money on all of the extr...
-
By BY PETER EAVIS from NYT Automobiles https://ift.tt/3bXCMGb
-
By Sopan Deb from NYT Automobiles https://ift.tt/1KMtlms
-
If the stress in your life is more than you can cope with, get help right away. National Suicide Prevention Lifeline 1-800-273-TALK (8255) ...
-
By BY JACK EWING from NYT Automobiles https://ift.tt/rBd1pUS
-
Dropping records may heat up the charts, but they flooded the Hamptons mansion of L.A. Reid . The Sagaponack property of the Grammy-winning...
-
By BY NEAL E. BOUDETTE from NYT Automobiles https://ift.tt/HRMeWX8


