South Korea’s GM Daewoo Auto & Technology Co. and Australia’s Holden Ltd. are forming an alliance that will see GMDAT develop and produce vehicles to be marketed in Oz under the Holden brand. In addition, Holden will sell selected GMDAT models under its own brand. Additionally, the two will partner in a new SUV for the Korean market. Holden, a General Motors Corp. subsidiary and the largest GMDAT stockholder –with a 42% share – shut down GMDAT’s Australia distribution subsidiary at ...
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