CANBERRA – General Motors Corp.’s Australian subsidiary, Holden Ltd., reportedly plans to take a 44.6% stake –worth $251 million – in the newly formed General Motors Daewoo Auto & Technology Co. Ltd. Other shareholders are Suzuki Motor Corp. (14.9%), Shanghai Automotive Industries Corp. (10.6%) and Daewoo Motor Co. Ltd. creditors (29.9%). Peter Hanenberger, Holden chairman and managing director, will be a director on the GM Daewoo board. GM Daewoo Auto and Technology will ...
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