General Motors Corp. signs a memorandum of understanding with Daewoo Motor Co. Ltd. to explore possible strategic alliances. This comes at a time when Daewoo Group, the automaker's parent company and South Korea's second-largest conglomerate, struggles to restructure a $47 billion debt load. The agreement, signed Aug. 6, establishes a framework for continued discussions between the automakers, a GM spokesman says. He denies rumors of possible capital or managerial tie-ups, while ...
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