Speculation in Seoul is the General Motors Corp.-Fiat Auto SpA alliance may scale back its interest in beleaguered Daewoo Motor Co. Ltd. to a couple of car factories and its domestic distribution arm. Worse, as far as Daewoo's creditors are concerned, the estimated offering price in such a truncated transaction would be about $1 billion — a far cry from the reported $4.2 billion to $5 billion GM offered in its preliminary bid for all of Daewoo last June. There's also the possibility that ...

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