The South Korean government reportedly has turned down a request for financial aid to GM Daewoo Auto & Technology Co., saying in a statement it cannot help the auto maker at this time. GMDAT CEO Michael Grimaldi, accompanied by several colleagues, met Wednesday with Lee Youn-ho, minister of knowledge and economy, to discuss the possibility of receiving financial support to enhance the auto maker’s liquidity and offset the impact of the global automotive recession, a GMDAT source tells ...

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