FILE
PHOTO – GM’s Amman speaks at press conference at the North
American International Auto Show in Detroit
Thomson Reuters
By Joseph White
DETROIT (Reuters) – General Motors Co President Dan Ammann said
on Monday the automaker’s troubled South Korean operations can be
a “sustainable, profitable business,” if unions and the South
Korean government agree quickly on a restructuring.
GM has warned Korean officials the unit faces a “cash crisis” in
the first quarter without new funding. Nearly 2 trillion won
($1.88 billion) of GM Korea’s debts to its parent are due by
end-March or early April, according to a regulatory filing.
Time is sho…
Read the full article at: http://uk.businessinsider.com/r-gm-president-says-shared-sacrifice-needed-to-fix-gm-korea-2018-3
