South Korean hatmaker to buy Daewoo bus plant

Newswire

SEOUL, April 1 (Reuters) - A South Korean hat company said on Tuesday it would buy a Daewoo Motor Co bus plant for 148.3 billion won ($118.6 million), one of the assets not bought by General Motors Corp when it took over the ailing firm last year. GM, the world's largest automaker, and partners acquired a majority stake in ailing Daewoo Motor Co last year. But the fate of excluded assets, including the bus plant in the southern port city of Pusan, as well as scores of factories in ...

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