S.Korea GM-Daewoo jv to break-even in '05-paper


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 & ...

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