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GM Korea. GM Korea Company[ b] ( Korean: 한국지엠주식회사) [ c] is the South Korean subsidiary of multinational corporation General Motors and the third largest automobile manufacturer in South Korea. GM Korea's roots go back to the former Daewoo Motors vehicle brand, which was split from its parent company, Daewoo, in 2002. [ 1]
HL Mando Corporation (Korean: 에이치엘만도 주식회사), with headquarters in Seoul, Korea, is the largest global Tier 1 Korean Original Equipment Manufacturer and supplier to General Motors, Cadillac, Ford, Chrysler, Chevrolet, Nissan, Kia Motors Company, Fiat, Volkswagen, BMW, Suzuki, Hyundai Motor Company, and many other global automobile distributors.
Became part of GM Central Products Division. In 1920, Northway moved here from their original plant on Maybury Grand Ave. and primarily supplied engines to GMC. In 1925, became part of Yellow Truck & Coach Manufacturing Company as part of the merger of Yellow Cab Manufacturing Company and General Motors Truck Corp., the manufacturer of GMC trucks.
Zyle Daewoo Bus. Zyle Daewoo Bus, formerly "Zyle Daewoo Commercial Vehicle" is a South Korean manufacturer of buses and is majority owned by Young-An Hat Company, based in Busan. It was established in 2002 as a successor to previous merger, Daewoo Motor Company. These buses are primarily used for public transportation.
The Pan Asia Technical Automotive Center (or PATAC) is a joint venture between General Motors and SAIC Motor. It is a design and engineering center in Pudong, Shanghai, China, and is involved in engineering for Shanghai GM products, but also functions as one out of six technical development and design centers worldwide of General Motors. [ 1]
After running into financial difficulties, [3] it sold most of its assets in 2002 to General Motors at $1.2 billion, becoming a subsidiary of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed GM Korea and the Daewoo brand replaced by the Chevrolet marque. [2] [4]
GM CFO Paul Jacobson has said the company expects to spend $1.7 billion on Cruise operations this year, down slightly from GM’s spend on Cruise in previous years of around $2 billion.
The automotive industry in South Korea is the fifth-largest in the world as measured by automobile unit production and also the sixth-largest by automobile export volume. While its initial operations were merely the assembling of parts imported from foreign companies, South Korea is today among the most advanced automobile -producing countries ...