GM Daewoo, which makes most of the hot-selling Chevrolet models keeping General Motors sales alive in emerging markets, is considering a temporary closure of plants amid a worldwide fall in demand.

“We are reviewing it (suspension). A decision will be made in late November,” spokesman Kim Young-Soo told Agence France Presse (AFP ).

“Like other industries, GM is being affected by the global financial crisis,” he added, declining to comment further.

A local media report said the automaker would shut plants for 10 days from 20 December.

GM Daewoo last month said its sales declined 11.3% from a year earlier to 73,180 vehicles.

Yonhap news agency reportedly said such a shut-down would be the first since 2002 when GM and its partners took a majority stake in the then Daewoo Motor.