GM Daewoo to close main S. Korean plant for a month

SEOUL, Nov. 25 (Yonhap) -- The South Korean unit of beleaguered U.S. auto giant
General Motors Corp. said Tuesday it will shut down its main plant here for one
month because of slumping sales caused by the global economic downturn.
GM Daewoo Auto & Technology Co. will close the main plant in Bupyeong, near
Seoul, from Dec. 1 to Jan. 4 next year, company officials said.
The factory produces Tosca sedans, Windstorm sport-utility vehicles and compact
cars for the South Korean market and also exports to Asia and Europe under the GM
brands.
Other GM Daewoo plants in Gunsan and Changwon will be suspended for two weeks
next month.
"Amid a slowdown in sales and rising inventories, the company plans to halt the
plants," said an official at GM Daewoo.
"Unless sales are significantly improved early next year," GM Daewoo will further
idle some plants by the end of March, the official said.
Last month, GM Daewoo said its vehicle sales dropped 11.3 percent from a year
earlier to 73,180 units.
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