Daewoo's creditors come to the rescue

Gadacz, Oles
December 2000
Automotive News;12/4/2000, Vol. 75 Issue 5906, p49
Trade Publication
Reports the agreement of creditors to provide operating funds for Daewoo Motor Co. in Seoul, South Korea. Vote of union members for the reduction of the work force; Payment to suppliers and back wages of employees; Impact of the agreement on potential buyers of the company.


Related Articles

  • Daewoo: Still risky.  // Automotive News;3/19/2001, Vol. 75 Issue 5921, p12 

    Reports the financial performance of Daewoo Motor America Inc. in the United States.

  • Banks refinance Daewoo America. Rechtin, Mark // Automotive News;3/12/2001, Vol. 75 Issue 5920, p4 

    Reports the refinancing of Daewoo Motor America operations by credit banks in Los Angeles, California. Terms of the debt-for-equity swap; Reason for the acceptance of the swap; Speculations on the purpose of the banks.

  • Daewoo left to twist in the wind. Gadacz, Oles // Automotive News;10/2/2000, Vol. 75 Issue 5897, p40 

    Reports the cancellation of the Ford Motor Co.'s bid for Daewoo Motor Co. in Seoul, South Korea. Impact of the aborted negotiation on bidders Hyundai Motor Co. and General Motors Co.; Concern over the nationalization of Daewoo; Speculation on the reasons of Ford for withdrawing from the...

  • GM Chief Sees Troubled Daewoo as Key to Coveted Korean Market. McClellan, Barbara // Ward's Auto World;Dec2000, Vol. 36 Issue 12, p50 

    Deals with the competitive bid of General Motors (GM) Corp. for Daewoo Motor Co. Ltd. Assessment of market analysts; Comments from G. Richard Wagoner, chief executive officer of GM; Background of Daewoo.

  • Daewoo signs engine agreement with Renault.  // Automotive Engineer;Jul97, Vol. 22 Issue 6, p6 

    Reports on the engine technology agreement signed by Daewoo Motor with Renault to purchase engine licenses and engines. Terms of agreement; Popularity of Daewoo in diesel engine production; Span of the agreement.

  • Ford to make solo bid for Daewoo.  // Automotive News Europe;06/19/2000, Vol. 5 Issue 13, p33 

    Reports that Ford Motor Co. plans to submit a solo bid for Daewoo Motor, an automobile manufacturer in South Korea. Other interested parties; Reaction to the news of a joint bid between Ford and Hyundai.

  • Daewoo races ahead by focusing on developing markets.  // Asian Business Review;Apr97, p18 

    Presents information about Daewoo Motor Company. Overview of the company; Chairman Kim Tae-Gou's comment regarding the company's status; Total employees of the company; Its annual sales; The establishment of Daewoo Company in developing countries; The company's strategy in expanding its...

  • Daewoo redefines the dealership experience. Norris, Ian // Automotive Industries;May95, Vol. 175 Issue 5, p34 

    Describes the strategy of Korea's Daewoo to sell its vehicles in England through a network of company-owned stores, rejecting the traditional manufacturer-dealer relationship. Details about the sales policy of the company.

  • Global briefs.  // Automotive Industries;Oct96, Vol. 176 Issue 10, p52 

    Reports that Daewoo Motor Co. Ltd. may cancel its investment of nearly $2 billion to build cars in Poland.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics