SEOUL — South Korean creditor banks decide to leave the fate of Daewoo Motor Co. Ltd., with debts of US$16.4 billion, to the whim of the auction block. The decision to put the beleaguered car company up for bids ends General Motors Corp.'s exclusive bargaining to purchase the company and opens the door to competitors. GM had requested exclusive negotiating rights. The company's preliminary bid reportedly was between US$5.3 billion and US$6.2 billion. A GM executive, however, tells WAI that ...
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