The Korea Development Bank reportedly is threatening to call in 1.12 trillion won ($959 million) in loans made to GM Daewoo Auto & Technology Co. that mature early in July, unless preconditions are met. However, a GMDAT spokesman tells Ward’s no ultimatum has been made. He does confirm two loans totaling 1.12 trillion won were rolled over by KDB-led creditors last week for a 30-day period, and the auto maker is seeking a further extension. The spokesman also reveals instead of ...

Premium Content (PAID Subscription Required)

"GM Daewoo Negotiating Loan Preconditions Set by Korean Development Bank" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.