Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
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.
