S.Korea Daewoo Motor suppliers to halt parts supply

Newswire

SEOUL, Aug 26 (Reuters) - Suppliers to South Korea's Daewoo Motor Co, seeking over one trillion won ($833.3 million) in overdue payments, said on Monday they planned to halt automotive parts supply beginning on Thursday. The 191 parts suppliers to South Korea's third-largest automaker reached the decision at a meeting on Monday, Cho Hang-kyun, a representative of the suppliers, told Reuters. In April, General Motors Corp , the world's largest automaker agreed to invest $251 million in a ...

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