SEOUL, Aug 26 (Reuters) - Daewoo Motor Co, South Korea's third largest automaker, said on Monday representatives of its 180 parts suppliers would meet creditors later in the day to seek over one trillion won ($833.3 million) in overdue payment. In April, GM agreed to invest $251 million in a joint venture with Daewoo's creditors, which would give the world's biggest automaker a 42.1 percent stake -- the largest -- while its business partners hold 24.9 percent. GM also agreed to provide ...
Premium Content (PAID Subscription Required)
"S.Korea's Daewoo Motor suppliers to meet lenders" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642