SEOUL — Ford Motor Co. caught the global industry by surprise late last month with an announcement that is was pulling out of a deal to buy troubled Daewoo Motor Co. Ltd. “We believe that a proposal was not possible that would be in the best interest of Daewoo and Ford and their respective stakeholders,” is all Ford Vice Chairman W. Wayne Booker would say. At a press conference in India the same day, Vaughn Koshkarian, Ford Asia/Pacific president, told reporters that Ford does not expect ...

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