Independent journal on economy and transport policy
19:44 GMT+2
General Motors will make bid for South Korean car giant Daewoo: bank
(National Post Online)
May 29, 2001
Canadian Press
SEOUL (AP) - U.S. auto giant General Motors Corp. will submit a proposal this week to take over South Korea's ailing Daewoo Motor, Daewoo's main creditor said Tuesday. Negotiations on the takeover will begin in a "third country" this weekend or next week, said Rhee Sung-kun, a director at the state-run Korea Development Bank.
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