SOUTH KOREA: Ford offered U.S. $950 mln for Ssangyong Motor
Ford Motor Company offered $950 million for Ssangyong Motor when it submitted its proposal to acquire Daewoo Motor last week, said the Korea Economic Daily on Wednesday. Ford also proposed to maintain the debt-laden automaker as an independent unit from Daewoo Motor, said the newspaper. Internally, Ford's offer is higher than was expected.
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