UPDATE 1-Suzuki to take 14.9 pct stake in new Daewoo Motor

Newswire

(Adds comment from news conference, details, changes dateline) HAMAMATSU, Japan, June 27 (Reuters) - Japan's top minivehicle maker, Suzuki Motor Corp , said on Thursday it would take a 14.9 percent stake in a new Daewoo Motor, a move that should help it expand in Asia and share vehicle development costs. Suzuki said it would pay up to $89 million for the holding, joining partner General Motors Corp in its efforts to rebuild the failed South Korean automaker, to be called GM Daewoo Auto ...

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