GM Korea's Sales Plummet Amid High U.S. Tariffs
General Motors Korea's sales dropped over 20% in October compared to the previous year, due to a decline in both domestic and international sales, exacerbated by high U.S. tariffs.
- Domestic sales decreased by 39.5%.
- Exports declined by 20%.
"Despite the production losses in the third quarter, demand for Chevrolet vehicles remains strong both domestically and globally, as evidenced by the Chevrolet Trax Crossover ranking No.
GM Korea Vice President Gustavo Colossi expressed an optimistic view about the company's performance this year, citing statistics from the Korea Automobile & Mobility Association.
Author's summary: GM Korea's sales fell 20% in October due to high U.S. tariffs.