SOUTH KOREA: GM Daewoo company funding in place - report
Korea Development Bank will lend GM Daewoo Auto & Technology $US1.6 billion of a total $2.0 billion in funding for the launch of the new firm that includes key assets of Daewoo Motor, Reuters reported. General Motors agreed in April to lead a $400 million investment in a Daewoo Motor spin-off, which would own three of the South Korean automaker's manufacturing plants, Reuters said.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable