Korea Daewoo to sign bus plant deal in July-report

Newswire

SEOUL, June 30 (Reuters) - South Korea's troubled Daewoo Motor Co is expected to sign a preliminary agreement in early July to sell its bus plant that was not included in the assets bought by General Motors Corp , a report said on Sunday. Yonhap news said South Korean hat maker Young An was expected to buy Daewoo's Pusan plant, which can produce 6,000 buses annually, and take over Daewoo Motor's stake in a Chinese auto plant for a total of 140 billion won ($117.9 million). "We have ...

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