SEOUL – Feeling the heat of the global economic crisis, GM Daewoo Auto & Technology Co. President and CEO Michael Grimaldi says the auto maker, which saw sales plunge 48.5% in March, is optimistic it can survive a “critical” period in cash flow with support from the Korean Development Bank. “The liquidity of GM Daewoo can become critical in the second quarter of this year,” he tells reporters at the annual auto show here. “We are closely monitoring our cash and obligations.” GMDAT ...
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