Daewoo Motor Co. Ltd. says cost-cutting efforts helped the company slash its 2001 net loss by 70%, but annual losses still totaled 3.6 trillion won ($2.73 billion). The South Korean auto maker, which General Motors Corp. is in negotiations to purchase, returned to an operating profit of 10.8 billion won ($8.2 million), from a 580.7 billion won ($439.2 million) loss in 2000. Daewoo’s sales during the first quarter of the year grew 2.4% from year-prior to 109,698 vehicles, with exports of ...
Premium Content (PAID Subscription Required)
"Daewoo Turnaround Begins as GM Deal Nears" 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642