PARIS — Daewoo Motor Co. Ltd., which booked a US$10 billion loss for 2000, sells its coveted Worthing Technical Center to British engineering and racing firm TWR for an undisclosed price. Owned by racer Tom Walkinshaw, TWR takes over the center and 150 engineers and technicians, who have developed vehicles such as the Daewoo Matiz and various concept cars. The prize for TWR is the test and validation equipment used by engineers to develop cars and components. “This is a major acquisition ...
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