General Motors is expected to sign a deal to sell its shuttered factory in the S...
A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. REUTERS/Edgard Garrido
The governor of Jeonbuk province where the factory is located, Song Ha-jin, would hold a press conference on the sale at 1:30 p.m. on Friday, one source said. He said the consortium, which includes parts maker MS Autotech, was in talks with an unidentified automaker to manufacture electric vehicles at the facility, and aimed to start production in 2021 with initial production capacity of 50,000 vehicles a year.The plant could take advantage of South Korea’s free trade deal with the United States and Europe, as well as the country’s electric car supply chain, he said.
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