Independent journal on economy and transport policy
08:28 GMT+2
Ford wins bidding race for Daewoo
(South China Morning Post)
June 30, 2000
SOUTH KOREA BLOOMBERG IN SEOUL
Southkorea
Ford Motor has won the sole right to negotiate to buy Daewoo Motor with a US$6.9 billion bid, beating four rivals and giving the world's No 2 car-maker a chance to capture a quarter of Asia's second-largest car market.
Daewoo Motor creditors plan to sign a final pact with Ford after negotiating for the next six weeks. Ford offered 7.7 trillion ...... Read more on South China Morning Post
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