General Motors Corp. and the shareholders and creditors of a Daewoo Motor Co. Ltd. engine joint venture in China have called off talks for GM to purchase the venture. GM reportedly was interested in purchasing the $228 million JV plant in Yantai, Shangdong province, but a spokeswoman tells Reuters talks have ended, without further elaboration. The 50/50 JV was set up in 1999 between the Shangdong government and Daewoo. It can produce 240,000 engines and transmissions annually. Daewoo ...
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