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Will GM's $600M Korea Push Ease Exit Worries for Good?
ZACKS· 2026-03-26 14:06
Key Takeaways GM is investing $600M in South Korea to modernize plants and improve small SUV competitiveness.GM Korea exports Trax and Trailblazer to the United States, with Trax leading car exports for three years.Despite the investment, GM has not outlined concrete EV production plans for Korea.U.S. legacy automaker General Motors (GM) is doubling down on its Korean operations with a $600 million investment. This move comes at a time when questions linger about its long-term presence in the country.The pl ...
Stellantis cuts French prices in bid to rebuild market share
Yahoo Finance· 2026-01-29 11:44
Group 1 - Stellantis is lowering vehicle prices in France to recover lost market share, specifically on Fiat, Opel, and Peugeot models [1][2] - A new deal for the Fiat Pandina has been launched at €9,990 ($11,973) under certain conditions, with cheaper leasing options also available for the Peugeot 208 [1][2] - The entry price for petrol versions of the Opel Corsa has been reduced from €20,900 to €15,900 [2] Group 2 - CEO Antonio Filosa, who took over in June, is implementing price reductions to stabilize brands like Jeep and Peugeot after market share losses [2] - Filosa has plans for billions of dollars in investment in the US while addressing excess capacity in Europe and competition from Chinese manufacturers [3] - Stellantis operates twelve factories in France and is expected to unveil a new strategic plan in the first half of the year [3] Group 3 - Passenger car and van output in France increased to 661,000 units last year, up from 569,000 in 2024, aided by stronger production at sites like Sochaux [4] - Filosa has expressed concerns that the European Commission's updated vehicle emissions regulations do not provide a clear growth strategy for the EU car industry [4] - There is a possibility that Stellantis may increase European spending if the planned 2035 phase-out of petrol engines is relaxed [5]