NEW DELHI – Daewoo Motors India Ltd. was hoping to divert trouble by being included in the recent agreement that will see General Motors Corp. buy selected assets of insolvent Daewoo Motor Co. Ltd. But that didn’t happen, and Indian management here is visibly upset. (see related story: GM-Daewoo Deal Has Rough Road Ahead) Daewoo India owes $185 million to Indian financial institutions and is liable for $3 billion to India’s Export Promotion Council for export guarantees covering 1997-2005. ...

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