Two Korean GM Plants to Resume 100% Normal Operations by the End of This Month
[Asia Economy New York=Correspondent Baek Jong-min] American automaker General Motors (GM) is set to resume operations at its global factories, which had been halted due to a semiconductor shortage.
According to foreign media including the New York Times (NYT) on the 27th (local time), two Korean GM plants operating at 50% capacity will return to full 100% normal operations starting May 31.
The Bupyeong Plant 1 was completely shut down from April 19 to 23 and has since been operating at 50% capacity. The Changwon Plant has also been running at 50% capacity since the beginning of this month.
The four North American plants will resume operations a few weeks later than Korea. The Lansing Grand River plant in Michigan, USA, which had been halted since February 5, will restart assembly of the Chevrolet Camaro on June 21. Production of the Cadillac CT4 and CT5 at the same plant will return to normal one week later.
The Canadian plant will resume operations on June 14, and the San Luis Potos? and Ramos Arizpe plants in Mexico will restart on May 31.
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GM has focused on producing trucks and sport utility vehicles (SUVs) with higher profitability, while halting or reducing production of less profitable vehicle models, due to a shortage of automotive semiconductors caused by the COVID-19 pandemic.
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