It's not Daewoo Motor Co.'s new bankruptcy status that bothers Managing Director Han Chung-chul, but his company's likely death unless creditor banks quickly provide some operating funds. Mr. Han holds a key position in the company's strategic alliance office, which is trying to co-ordinate an orderly sale of its assets to an alliance of General Motors Corp. and Fiat Auto SpA. Creditor banks declared the once proud No.2 Korean automaker officially bankrupt Nov. 8, after it missed paying ...

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