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 ...

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