Today, GM's subsidiary in South Korea said it will spend up to $ 5 billion over three next years to expand market share here.
GM Korea Vice Chairman Ankush Arora said that the investment includes the cost of developing new vehicles as well as expanding and improving its service centers.
GM Korea has achieved profitability in 2010 after suffering losses in the previous two years. However, GM's market share in Korea reached only about 8% last year. Arora said the company's market share in Korea will first reach double digits this year.
Beside, GM is planning to upgrade their 10 major service centers to facilitate customers have a place to read or using laptop.
