Growing tensions with North Korea have prompted
General Motors to make backup plans for its operations in South
Korea, the automaker's chief executive said Thursday.
"We are making contingency plans for the safety of our employees to the extent that we can," Chairman and CEO Dan Akerson told broadcaster CNBC.
"Beyond that it's difficult to shift production."
GM operates five factories in South Korea that produce about 1.3 million vehicles for export and 145,000 for domestic use. Korean plants produce the Opel Mokka and the Chevrolet Cruze for the world market.
"Anything that goes on in Korea is critically important to our global production and how we view the world," said Akerson.
A backup plan could include shifting parts of production. The company must consider the availability of workers and transport infrastructure, as well as protecting its assets, Akerson said.
Most Popular Stories
- Fantasy Football Gambling Industry Facing Increased Legal Scrutiny
- As States Legalize Pot, Will Traffic Deaths Rise?
- NATO Plans High-Readiness Force to Counter Russia
- 'Guardians of the Galaxy' Conquers the North American Box Office with $16.3M
- Obama Promoting Economic Gains As Elections Near
- GE Capital and Petters-Related Fund in Legal Battle
- California Conservation Conundrum: Water Use Varies Greatly Across State
- Combating Online Abuse Not Easy for Gamers
- Even With Surly 2014 Electorate, It's 'Still an Incumbent's World'
- Feds Want Nuclear Waste Train, but Nowhere to Go