Ford, GM, Russian firm bid for Romanian Daewoo

Newswire

BUCHAREST, April 26 (Reuters) - Romania received three non-binding offers in the sale of a majority stake in carmaker Daewoo Automobile Craiova, the privatisation commission said on Thursday. The new European Union member's centrist government had previously said it hopes to wrap up the sale of 72.4 percent in Daewoo by the summer, after it bought back the majority stake in the company from its bankrupt owner late in 2006. "By the deadline ... General Motors Corporation , Ford Motors ...

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