GM Korea’s Sales Plunge Amid High U.S. Tariffs

GM Korea’s sales plunge amid high U.S. tariffs

General Motors Korea saw its sales plunge more than 20% in October from a year earlier due to a slump at home and abroad amid high tariffs by the United States.

GM Korea losing more ground in domestic market

Pictured above is GM Korea CEO Hector Villarreal. [Photo courtesy of GM Korea] General Motors (GM) Korea’s domestic sales barely topped 1,000 units in October, prompting concerns about the automaker’s continued operations in Asia’s No. 4 economy. Concerns continued about GM Korea’s potential withdrawal from the South Korean market in recent years although the company has dismissed such speculation. GM Korea announced on Nov. 3 that it sold 1,180…