Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
GM Korea announced this week that it will be closing down two of its three production factories in South Korea. The operation will be suspended in the sites starting next week as the company has no more semiconductor parts to use in the cars.
Confirmed plant closure dates
As per Yonhap News Agency, GM Korea will halt all production works in its two plants located in Incheon. The company said that these sites would be closed from April 19 to April 23 and cited chip shortage as the reason for the decision.
"We will continue to work closely with our supply base to find solutions for our suppliers' semiconductor requirements and to mitigate the impact on GM Korea,” the company said in a statement. “Our intent is to make up as much production lost at the plants as possible."
While the factories in Bupyeong, Incheon are affected, GM Korea said that its one other plant in Changwon will remain open. The Incheon plants are actually not operating in their full capacity since the global chip shortage has not been addressed yet despite the efforts of the leading chipmakers.
The affected vehicle units
Now, with GM Korea’s production halt, it was reported that sales for Trailblazer SUV will be affected because this model is being produced at Bupyeong’s plant no. 1. It is clear that the automaker will not be able to deliver new orders for this SUV thus there will be no profit.
At Bupyeong’s plant no. 2, the Malibu sedan and Trax SUV are being made here and due to lack of semiconductor parts, units of these models will not be delivered. All in all, it was said that 6,000 units will not be made during the break so the company is expecting lackluster sales in the coming weeks and maybe even months.
Meanwhile, GM Korea assures customers that it is doing its best to have enough supply of chips for their cars in the following weeks. “We’re in close contact with auto chip suppliers to solve the problem as soon as possible,” Korea Economic Daily quoted a GM Korea official as saying.
