General Motors Corp.’s shares in GM Daewoo Auto & Technology Co. could be pledged as surety for new financing from the Korea Development Bank, GM Asia/Pacific President Nick Reilly tells reporters in Seoul. Reilly, who also serves as chairman of GMDAT, spoke with reporters Thursday following a 3-hour meeting with KDB officials. Asked if GM’s 50.9% share in GMDAT could be used to guarantee a new credit facility, Reilly says in a transcript of the press conference. “It’s always ...
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