SEOUL, Sept 25 (Reuters) - A joint venture led by General Motors Corp to revive key assets of South Korea's Daewoo Motor Co will break even in 2005, focusing on exports, the Korea Economic daily said on Wednesday citing confidential GM documents. In April, the world's largest automaker agreed to invest $251 million and take a majority 42.1 percent stake in the joint venture with Daewoo's creditors, while GM's business partners hold 24.9 percent. The company, GM Daewoo Auto & ...
Premium Content (PAID Subscription Required)
"S.Korea GM-Daewoo jv to break-even in '05-paper" 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!
Current subscribers, please login or CLICK for support information.