SEOUL — Ford Motor Co. sped past international competitors late last month to be named the sole bidder for the insolvent Daewoo Motor Co. Ltd. Sources here say Ford bid US$6.9 billion, besting archrival General Motors Corp.'s initial offer of US$6 billion last May. GM's bid this time is said to have been between US$4.2 billion and US$5 billion. A spokesman for the committee representing Daewoo Motor's creditors said at a news conference that Ford offered better capabilities “to improve the ...

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- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.