SOUTH KOREA: GM-Daewoo refinancing still unresolved - reports
The General Motors board has allowed the carmaker join its cash-strapped South Korean affiliate GM-Daewoo's new rights offer, CEO Fritz Henderson said on Thursday. He did not elaborate. Meanwhile, state-run Korea Development Bank (KDB) said it would not participate in the rights offering if the US carmaker did not meet its request for financial aid to its local unit.
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