Daewoo Motor Co. Ltd. is forced to shut its four South Korean plants for a second consecutive day Aug. 29 due to a parts shortage stemming from a boycott by supplier Korea Delphi Automotive Systems. A group of Daewoo suppliers, including Korea Delphi, claim they are owed $700 million in back payments and are demanding they receive money within two weeks of delivering parts instead of the current four to five weeks. Korea Delphi claims it is owed 200 billion won ($167.9 million) and has ...
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