Photo: General Motors
General Motors could halt South Korean operations and move production to another country if tensions with neighboring North Korea should escalate further.
"We are making contingency plans for the safety of our employees to the extent that we can," GM CEO Dan Akerson told CNBC, adding that while shifting production out of South Korea quickly is not an option, the company is considering leaving the region.
General Motors is the third largest automaker in South Korea, having 17,000 employees and five plants that are making 1.4 million vehicles per year. About 93 percent of those cars are exported to Europe and the United States. Furthermore, the South Korean division of General Motors is responsible for developing several Chevrolet vehicles, including the Spark, Cruze, Sonic and the Trax prototype.
North Korea has recently threatened South Korea and the United States of America with "merciless" nuclear strikes.
General Motors is the third largest automaker in South Korea, having 17,000 employees and five plants that are making 1.4 million vehicles per year. About 93 percent of those cars are exported to Europe and the United States. Furthermore, the South Korean division of General Motors is responsible for developing several Chevrolet vehicles, including the Spark, Cruze, Sonic and the Trax prototype.
North Korea has recently threatened South Korea and the United States of America with "merciless" nuclear strikes.
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