- The operation there has lost almost $3 billion over the past four years, Bloomberg reported.
- CEO Mary Barra has exited underperforming markets and won't hesitate to do the same with
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GM's relentless focus on profits could mean the automaker pulls out of South Korea sooner than later (GM)
GM's South Korean unit has lost almost $3 billion over the past four years.
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If you want to understand the difference between "old," pre-bankruptcy and "new," post-Chapter 11 General Motors, look no farther than South Korea.
The automaker is currently embroiled in an effort to rescue it money-losing operations there, collectively referred to as GM Korea.
Bloomberg summarized the grim financials:
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