Daewoo Mtr plants shut, wider supplier boycott looms

Newswire

SEOUL, Aug 29 (Reuters) - South Korea's third-largest automaker, Daewoo Motor Co, is shut for a second day as a boycott by a major parts supplier is set to widen on Thursday to include others who are together owed $700 million in unpaid bills. The dispute with suppliers comes as General Motors Corp prepares to launch a revived Daewoo under a joint venture later this year. On Thursday, all of Daewoo's four plants in South Korea were closed, Daewoo spokesman Kim Sung-soo told Reuters. ...

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