Financial Times FT.com

General Motors calls two-week halt to South Korea car output

By John Reed in London

Published: November 12 2008 02:00 | Last updated: November 12 2008 02:00

General Motors plans to suspend production at its factories in South Korea for about two weeks, starting next month in one of the strongest signs yet that the crisis in global carmaking has spread to Asia.

The shutdown will take effect from late December and affect all five of GM's Korean plants formerly owned by Daewoo, which form one of the loss-making US carmaker's best-performing business units.

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