From GMDAT to the New GM Korea, 2003–2019

A.J. Jacobs

Chapter Chapter 5 in The Korean Automotive Industry, Volume 2, 2023, pp 141-178 from Springer

Abstract: Abstract This chapter chronicles the highlights and lowlights of DMC’s successors, GMDAT and GMK. It begins with a section that examines GMDAT’s gradual rebound and success under GM between 2003 and 2008. This is followed by a segment discussing the aftershocks felt by GMDAT from the 2008–2009 Great Recession through 2013, including, among other things, the end of the Daewoo brand. Next, the precipitous decline of GMK between 2014 and 2017 is reviewed. This is followed by an outline of the events leading up to the closure of the automaker’s Gunsan assembly plant in 2018 and the continued downward spiral of GMK in 2019. The chapter then concludes by offering an assessment of the automaker’s near-term future through the 2020s.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-36453-2_5

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DOI: 10.1007/978-3-031-36453-2_5

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