Having confirmed earlier it was considering temporary plant closures, GM Daewoo Automotive and Technology is now reported to be planning to halt production for up to 45 days after a sharp drop in exports.
According to Reuters, the Maeil business newspaper quoted GM Daewoo vice president Josef Edlinger as saying its three local plants would suspend manufacturing cars intermittently until March, depending on how overseas demand goes.
Earlier media reports said GM-DAT would shut for 10 days from 20 December. It said last month its sales declined 11.3% year on year to 73,180 vehicles.
The latest report also said that GM-Daewoo would delay the launch of two new cars by a year to 2010 but a GM Daewoo spokesman was unable to confirm the report.