Not quite a perfect Daewoo
Many in the auto industry were surprised that Ford decided to pull out from the Daewoo Motor acquisition. Just weeks ago it looked like a done deal. But the price always looked high and Ford's investors were increasingly nervous about the size of the proposed purchase. Moreover, due diligence uncovered some unpalatable truths. Dave Leggett looks at the background to the Daewoo Motor sale and wonders whether other potential buyers will now be scared off.
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