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Akerson: GM making contingency plans as tensions in Korea rise

Akerson: GM making contingency plans as tensions in Korea rise
Wed, Apr 3 detroitnews.com

AkersonGeneral Motors Co. Chairman and CEO Dan Akerson said Thursday that the automaker is closely monitoring tensions in Korea, has made contingency plans for employees and is thinking of moving production if tensions continue to rise.

“Anything that goes on in Korea is important to our global production,” he said during a live interview on CNBC’s “Squawk Box” morning show.

“If there were something that would happen in Korea, it’s going to affect our entire industry, not just General Motors,” Akerson said.

Akerson said the company would consider moving production in Korea if the situation gets worse.

Detroit-based GM has five plants in South Korea, which annually produce 145,000 units of domestic production and 1.3 million vehicles

that are exported to other countries.

“We are making contingency plans for the safety of our employees as best we can,” said Akerson, who appeared on the show during the 7 a.m. hour.

“You’ve got to start to think about where you have the continuity of supply and safety of your assets and your employees,” Akerson said.

Akerson said GM also is looking to open a new plant in Indonesia, which it sees as a growth area.

mburden@detroitnews.com

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