GM Korea has achieved the 15-million mark in cumulative production within just a decade of its launch, the company said on Tuesday. Total production includes complete knock down cars.
The automaker is a subsidiary of General Motors in the U.S., which acquired Daewoo Motor in October 2002.
The latest achievement comes 2.5 years after it passed the 10-million milestone in March 2010. As of this September, it had manufactured a total of 15.17 million cars, 90 percent bound for the export market.
GM Korea sold 370,000 vehicles in its first year, and its sales jumped more than six-fold by last year to 2.05 million. Its revenues soared to W15 trillion (US$1=W1,106) from W4 trillion over the same period, while its employees more than doubled to 17,000 from 8,000.
In March 2011, the company introduced the Chevrolet brand to Korea.