GM-Daewoo: third-time extremely lucky?
General Motors is hoping that its latest bid for Daewoo Motors Corporation, or to be more precise parts thereof, will indeed be finalised as scheduled by the end of the year. The US giant has been in exclusive negotiations for the last twelve months with the Korean Development Bank (KDP), Daewoo Motors' largest creditor, and has spent countless man-hours kicking tyres. Tony Pugliese reviews the latest developments in what has become a convoluted and seemingly interminable industry saga.
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