GM South Korea’s March sales dive

SEOUL: General Motors Co’s South Korean unit has proposed suspending one of two shifts at a plant near Seoul, an internal union newsletter seen by Reuters showed, increasing uncertainty about the fate of the factory as the US automaker grapples with slumping sales.

GM Korea said its domestic sales for March more than halved from a year earlier, deepening a decline in the aftermath of the announcement of planned restructuring of the money-losing operation.