Daewoo chairman: GM deal is on track

Rechtin, Mark
June 2001
Automotive News;6/25/2001, Vol. 75 Issue 5936, p8
Trade Publication
Reports on Daewoo Motor Co. chairman Lee Jong Dae's expectation that General Motors (GM) will purchase most of Daewoo's assets in Korea. Possible inclusion of the Pupyong plant in the deal; Letter of intent submitted by GM in May 2001 to acquire Daewoo; How Daewoo's financial problems have hindered its product development process.


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