AUTOSHOW-GM sees Daewoo assets in red for three years

Newswire

PARIS, Sept 25 (Reuters) - General Motors Corp on Wednesday said its new entity which will control key assets of South Korea's bankrupt Daewoo Motor Co Ltd was not expected to be profitable for about three years. Nick Reilly, president and chief executive designate of the new entity, to be called GM-Daewoo Auto & Technology Co Ltd, will gain formal control of key Daewoo assets by mid-October, significantly later than originally planned. Reilly said the new company would report ...

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