GM Continues to Scale Back

General Motors. Arguably one of the biggest automotive manufacturers in the world, but this car giant is falling down a slippery slope. With sales slowly falling and export markets being scarce, GM is looking ready to scale back it’s South Korean business.

GM is considering a reconstruction of its South Korean business. Combining different elements from their Australia and India game plans, but that doesn’t seem like it will be enough. Sales in Korea are down by over 25% since last year, and show no signs of rising back. GM recently sold its European business in attempts to help scale back operations, but before they sold they cut costs in a lot of areas. There is talks that they will follow that same strategy with GM South Korea. The problem is that all this downsizing still costs money, and that is exactly what GM is trying not to spend. However, you have to spend money to make money, and GM is fine with spending if it means long term savings.

Overall, GM is trying to climb out of a hole that they don’t want to be in. With markets disappearing and sales going down there’s no telling what will be next for GM.

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Carl Michael
Carl Michael captivated with the gleaming catches inside his awesome uncle's Buick Electra, it didn't take him long to get snared on the auto culture; both in the city and in hustling. Carl has worked for a noteworthy oil organization as a business agent covering a region of 40 corner stores. A while later, he turned into an escort to high positioning legislators and government authorities. Through happy stories, he investigates the connection amongst Driver and Machine. When he is not caught up with expounding on autos, he appreciates driving his 1997 Lincoln Mark VIII LSC or his 2001 Ford F150 7700.