Contrary to reports, Daewoo Motor America Inc. hasn’t run out of parts or closed the doors of its two North American warehouses, says Gary Connelly, head of the South Korean auto maker’s U.S. arm. General Motors Corp. recently purchased some of the assets of insolvent Daewoo Motor Co. Ltd., but U.S. operations were not included in the deal. The U.S. subsidiary is expected to file Chapter 11 as early as next week, Connelly tells Ward’s. But that doesn’t mean it won’t honor its ...
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