GM says there to be one more partner in new Daewoo

Newswire

HAMAMATSU, Japan, June 27 (Reuters) - U.S. automaker General Motors Corp said on Thursday that there would be one more partner in addition to Suzuki Motor Corp investing in the new Daewoo Motor. Japan's top minivehicle maker, Suzuki Motor Corp, said earlier it would take a 14.9 percent stake, paying $89 million as it joins GM in its efforts to rebuild the failed South Korean automaker, to be called GM Daewoo Auto and Technology. "There will be one more partner investing in the new Daewoo ...

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