Suzuki says to take capital stake in new Daewoo


TOKYO, June 25 (Reuters) - Japanese minivehicle maker Suzuki Motor Corp said on Tuesday it has agreed to take a capital stake in a new firm that will take over the assets of South Korea's failed Daewoo Motor Co.

Suzuki said in a news release that a basic agreement was reached with General Motors Corp , but that the Japanese firm will continue to examine its operational cooperation.

Altogether, the investment by GM and its partners is expected to total $400 million.

Local media reports said earlier this month that Suzuki was considering a plan to acquire a 15 percent stake in the new Daewoo venture for about 10 to 15 billion yen ($82-123 million).



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