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GM Daewoo Considering Hybrid for 2011

Yonhap. GM Daewoo Auto & Technology is considering producing a hybrid vehicle in 2011 in South Korea.

“Researchers from GM headquarters and GM Daewoo are carrying out projects to build eco-friendly cars, including a hybrid vehicle,” said the official at GM Daewoo. GM Daewoo has tentatively agreed with its labor union on the plan to produce a hybrid car in South Korea, according to the official.

The official added GM Daewoo may start producing a hybrid car in 2011, but an exact timetable has not been set.

GM Daewoo Auto & Technology was established on October 17, 2002. It has five manufacturing facilities in Korea as well as an assembly facility in Vietnam. In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela.

In 2008, GM Daewoo sold in Korea and exported more than 1.9 million units, including CKD (completely knocked down) products. GM Daewoo now produces vehicles and kits to offer in more than 150 markets on six continents.

Comments

HarveyD

GM long term survive may depend on its ability to manufacture parts, sub-assemblies, complete kits, complete vehicles etc at a much lower cost in Asian plants or where UAW members are not around.

Final assembly of imported kits may also be contracted out closer to home in Mexico, Brazil etc.

Of course many UAW members will remain unemployed unless they are willing to work at a competitive cost.

Many (the majority) may have to be recycled to other jobs building or renovating infrastructures etc.

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