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HyundaiHigh Stakes in Battle Over DaewooHigh Stakes in Battle Over Daewoo
The battle for possession of South Korea's Daewoo Motor Co. Ltd.-- fought mainly by General Motors Corp. and Ford Motor Co. -- may be as much about competing successfully in the U.S. market as it is about securing a foothold in Asia. GM, Ford, Korea's Hyundai Motor Co. Ltd. and DaimlerChrysler AG all are bidding on the rights to acquire Daewoo, which is mired in $16 billion in debt and in desperate
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