Polish carmaker Daewoo-FSO agrees new rescue plan


By Pawel Kozlowski WARSAW, Sept 29 (Reuters) - The owners of Polish carmaker Daewoo-FSO took new steps to stave off bankruptcy on Monday by approving a large debt-for-equity swap and deep job cuts. The plan gives the Warsaw-based plant much-needed breathing space after two years of plunging sales, and allows it to resume its search for a new strategic partner. Daewoo-FSO, once a jewel in the sprawling global empire built up by South Korea's Daewoo Motor Co, was left out in the cold ...

Premium Content (PAID Subscription Required)

"Polish carmaker Daewoo-FSO agrees new rescue plan" 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: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Feb 23, 2018

Chrysler Pacifica 3.6L V-6 eHybrid – 2018 Award Acceptance

Mike Duhaime, director-electrified propulsion engineering at FCA, accepts Chrysler Pacifica Hybrid award at the 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×