DETROIT (Reuters) – General Motors Co (GM.N) President Dan Ammann said on Monday the automakers troubled South Korean operations can be asustainable, profitable business, if unions and the South Korean government agree quickly on a restructuring.
GM has warned Korean officials the unit faces acash crisis in the first quarter without new funding. Nearly 2 trillion won ($1.88 billion) of GM Koreas debts to its parent are due by end-March or early April, according to a regulatory filing.
Time is short and everybody must move with urgency, Ammann…
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