General Motors Gunsan Plant
The GM Gunsan facility, sometimes referred to as the Gunsan Complex, is located in the city of Gunsan, North Jeolla Province, Korea (South Korea). It currently produces the Chevrolet Cruze and Orlando. In February 2018, GM has announced plans to shut down the Gunsan plant.
- Year opened: TBD
- Complex facilities:
- Vehicle assembly
- Body shop
- Production shifts: TBD
The plant features optimal logistics conditions, as its core parts production complex is located within a 2 km (1.2 mile) radius of the port with a dedicated pier that’s capable of hosting a50,000-ton automotive export ship.
The Gunsan plant currently produces the following vehicles:
- Chevrolet Cruze
- Chevrolet Orlando
In February 2018, General Motors announced plans to cease production and close the Gunsan plant by the end of May 2018. The automaker stated that the facility has been increasingly underutilized, running at about 20 percent capacity over the past three years, making continued operations unsustainable.
As a result of this measure, GM expects to take charges of up to $850 million, including approximately $475 million of non-cash asset impairments and up to $375 million of primarily employee-related cash expenses. It believes that the all of these charges will be recorded by the end of the second quarter of 2018, and will be treated as special and excluded from the company’s EBIT-adjusted and EPS-diluted-adjusted results.
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