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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
