UK: Daewoo Motor Left High and Dry -- Break-Up Possible Says just-auto
Ford's pullout from its planned purchase of Daewoo Motor leaves the company in a dire situation. Creditors will be looking to find a new buyer, but it is a buyers market now. New bidders will likely take a cautious approach after Ford's unexpected rejection emerged during the due diligence process. Indeed, a break-up of Daewoo Motors and its subsidiaries cannot be ruled out as the creditors become increasingly anxious to see mammoth debts repaid.
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