SEOUL — Creditor banks have shut-off Daewoo Motor Co. Ltd.'s life support system by refusing to grant the company any more credit, while demanding sweeping restructuring changes. But insiders say such efforts without any money will not save the sinking carmaker, whose vital signs are failing: Creditor banks have forced all 135 of Daewoo Motor's senior executives to submit their resignations. The two chief executive officers in charge of domestic and international operations have been ...
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