After a few weeks of my absence in China, we are back to our regular morning round-up.
- GM to cut South Korean jobs as Chevy pullout looms in Europe – Reuters. Making Holdens won’t make up for the loss.
- UAW official: Leadership wants to eliminate 2-tier wage system– DetN. After it is done organizing the South, that is.
- Forecast: U.S. auto sales could top 16 million, most in 7 years – DetN. IHS sees 16 million units this year, more next year. Duh.
- Renault to Focus on Building SUVs in China – WSJ. That’s what’s selling there.
- General Motors to invest $1.3 billion in five U.S. plants – Reuters. Will spend $6,7 billion elsewhere.
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