Things Go from Bad to Worse for Troubled Carmakers

Chosun Ilbo | Feb 22, 2021 at 1:47 PM
  • Things are going from bad to worse for Korea’s three smaller, struggling automakers Ssangyong, GM Korea and Renault Samsung.
  • It is rare in a patriotic market like Korea for two foreign brands to rank so high, and the reason is that they recently released popular models like a new addition to the Mercedes E-Class and BMW 5 Series.
  • One of GM Korea’s factories also had to cut production by half due to a shortage of parts and is looking for a way out through cooperation with component makers.