Austem's contracts with General Motors cancelled  [ Korea ]

Austem announced that its aluminum front cradle contract with Korea GM has been canceled. The program, which was for the period between June 2011 and January 2019, was expected to add KRW 63,931 million to Austem's sales. Other supply contracts with Korea GM and GM Thailand for the period between November 2011 and March 2013 have also been canceled. Austem says these cancellations were due to c...