Filed under: GM, Earnings/Financials, South Korea General Motors continues to clean up its ledger book, and the latest transaction has GM wiping $1 billion off the table. In Korea, the GM Daewoo Auto & Technology subsidiary, otherwise known as GM Daewoo, plans to pay back the 10-figure debt it owes to its Korean revolving credit [...]
Filed under: Hyundai, Kia In the event of war, you can’t hurl Hyundais at the enemy Former General Motors Chairman Rick Wagner used to talk of “externalities,” those uncontrollable factors that he routinely blamed for the humbled automaker’s continuing decline. Other industry leaders preferred the term “headwinds,” but they were routinely referring to such matters [...]
Filed under: Government/Legal, South Korea The Detroit News reports that the U.S. government and South Korea are working to finalize a free trade deal in advance of the November 11 G20 summit in Seoul. The two countries already came to an agreement back in 2007, but the Bush administration didn’t submit the pact to Congress [...]
Filed under: Government/Legal, South Korea The powers-that-be in the States are working on getting the go-ahead for a free trade agreement, like NAFTA, but this time with South Korea. The agreement itself was signed and sealed in 2007, but it hasn’t actually gone into effect yet because Congress won’t approve it, and that’s because of [...]
Filed under: Motorsports, South Korea 2010 Korean Grand Prix – Click above for high-res image gallery The cars aren’t the only thing that move fast in Formula One; everything’s on an accelerated scale, even the calendar. It seems every new season in the modern era of F1 demands a new race. In 2004, Bahrain and [...]
