GM Agrees to Pay Korean Workers a Record Bonus of $6,140 Each and Increase Basic Salaries by 4.7%!

The South Korean division of General Motors has agreed to a record bonus payment for its employees following a partial strike last week. This was the first organized union strike to hit GM Korea in three years and it led to a production loss of 9,700 units.

The agreement between GM Korea and the union includes a raise of basic salaries by 4.7% and, more importantly, a $6,140 (6.5 million won) bonus to each worker.

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GM to Drop Daewoo Name and Replace it with Chevrolet in South Korea

What started a few years back with the re-branding of Daewoo's portfolio to Chevrolets in select markets including Europe, is now being rolled out globally with the replacement of the nameplate in South Korea. From now on, all of the company’s new product introductions will be under the Chevrolet badge, while GM Daewoo Auto & Technology will change its company name to GM Korea Co. The Detroit automaker said the name change is expected to be completed by the end of the first quarter this year. Read more »

GM to Drop Daewoo Name and Replace it with Chevrolet in South Korea

What started a few years back with the re-branding of Daewoo's portfolio to Chevrolets in select markets including Europe, is now being rolled out globally with the replacement of the nameplate in South Korea. From now on, all of the company’s new product introductions will be under the Chevrolet badge, while GM Daewoo Auto & Technology will change its company name to GM Korea Co. The Detroit automaker said the name change is expected to be completed by the end of the first quarter this year. Read more »

Detroit Motor Show: GM to Launch Opel in Australia Next Year

Last September, we reported that Nick Reilly, Chairman of Opel, hinted at the launch of the German brand in Australia. GM's European division made it official today at, announcing that Opel is set to enter the Australian market in 2012.

Nick Reilly, said at the Detroit Auto Show: “This launch is an important part of our international expansion strategy. With its growing demand for German design and technology, the Australian car market is an excellent opportunity for Opel. Australian drivers have a strong affinity with Opel vehicles.”

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Detroit Motor Show: GM to Launch Opel in Australia Next Year

Last September, we reported that Nick Reilly, Chairman of Opel, hinted at the launch of the German brand in Australia. GM's European division made it official today at, announcing that Opel is set to enter the Australian market in 2012.

Nick Reilly, said at the Detroit Auto Show: “This launch is an important part of our international expansion strategy. With its growing demand for German design and technology, the Australian car market is an excellent opportunity for Opel. Australian drivers have a strong affinity with Opel vehicles.”

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