A federal court rejects a lawsuit filed by Daewoo Motor America Inc. against General Motors Corp. regarding the allocation of former Daewoo vehicles in the U.S. The ruling by the Orlando, FL-based U.S. District Court says the Daewoo vehicles are not protected property under bankruptcy law. Daewoo Motor America’s parent, the now-defunct Daewoo Motor Co. Ltd., declared bankruptcy in 2000. GM and several investment partners purchased certain assets of the insolvent auto maker in 2002, and ...
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