SEOUL — Not only did Ford Motor Co. submit the highest bid to acquire Daewoo Motor Co. Ltd., the U.S. automaker also stipulated to a “gentleman's agreement” with the Daewoo creditors' committee to complete the transaction within eight weeks of the preliminary auction, held June 26. So says Hogen Oh, executive chairman of the corporate restructuring committee of Daewoo Group, who tells Ward's Automotive International in an exclusive interview that he is adamant that Ford's reported US$6.9 ...
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