S.Korea's Daewoo says GM set to buy China engine jv


SEOUL, March 26 (Reuters) - South Korea's Daewoo Motor Co said on Wednesday General Motors Corp was set to buy its engine joint venture in China, reinforcing the presence of the world's largest auto maker in the world's fastest growing market. GM and partners took a majority stake in ailing Daewoo Motor last year for $251 million to create GM Daewoo Automotive and Technology Co. "Price negotiation is underway for the China joint venture," an executive at Daewoo Motor, which is in the ...

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