General Motors CEO Dan Akerson declared during a CNBC interview the automotive giant is making backup plans for its South Korean operations due to higher tensions with North Korea.

General Motors CEO Dan Akerson declared during a CNBC interview the automotive giant is making backup plans for its South Korean operations due to higher tensions with North Korea.

Akerson mentioned "we are making contingency plans for the safety of our employees to the extent that we can", but "beyond that it's difficult to shift production."

General Motors has five factories located in South Korea where they make 1.3 million cars for export and 145,000 vehicles for domestic sales. GM's CEO added the company is searching for advice from its consultants regarding this increasing crisis as "anything that goes on in Korea is critically important to our global production."

Akerson also said the auto industry in the United States will increase in demand over the next 4-5 years as more and more people will want to replace their aging cars.

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