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N Korea fears spark GM contingency

2013-04-05 11:42

MAD MAN THREATENS GLOBAL AUTO INDUSTRY: General Motors believes that should the situation in North Korea deteriorate it will have drastic ramifications on the global automotive industry.

DETROIT, Michigan - The global auto industry has finally woken up to the fact that its supply of South Korean vehicles and parts is in peril while North Korea rattles its nuclear sabres and could stop if its Great Leader pushes the button.

Leading the call to automotive arms, the Detroit News says, is General Motors CEO Dan Akerson who says GM is closely monitoring the situation in Sout Korea and has made contingency plans for its employees there - and is even considering moving production.

‘GOING TO AFFECT OUR ENTIRE INDUSTRY’


Akerson said: “Anything that goes on in Korea is important to our global production. If there were something that would happen in Korea, it's going to affect our entire industry, not just General Motors."

GM has five plants in South Korea which export 1.3-million vehicles.

Akerson said: "We are making contingency plans for the safety of our employees as best we can. You've got to start to think about where you have the continuity of supply and safety of your assets and your employees."

Akerson said GM also was looking to open a new plant in Indonesia, which it sees as a growth area.




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