Daewoo Motor Co. Ltd. is forced to halt production Aug. 28 due to lack of parts from supplier Delphi Automotive Systems Korea, which says Daewoo owes it a fraction of the $700 million in unpaid bills said to be due suppliers. Suppliers are boycotting the South Korean auto maker in an effort to get back payments made, a move which Daewoo says is costing it RMB15 billion ($12.5 million) a day in lost production of about 2,000 units. On Aug. 26 representatives from 191 of Daewoo’s suppliers ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.