General Motors Corp. reportedly wants to produce 900,000 vehicles annually in South Korea, says a Korean news report. The Korea Economic Daily quotes a Daewoo Motor Co. Ltd. official as saying GM plans to increase its previous production estimates of 700,000 units per year to 900,000 to overtake Hyundai Motor Co. Ltd. in the passenger car sector. GM reportedly wants to regain Daewoo’s past 20% share of the South Korean auto market by bringing out a new model later this year and two new ...
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