SEOUL – U.S. Daewoo dealers are reeling at the prospect of being abandoned under reported terms of General Motors Corp.’s proposed takeover of insolvent Daewoo Motor Co. Ltd. An “Ad Hoc Committee of Daewoo’s U.S. Dealer Council” recently ran a full-page advertisement in South Korea’s English language dailies protesting the reported terms of the sale. Daewoo’s main creditor bank, state-run Korea Development Bank, recently announced that key issues have been settled for a final deal to ...
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