JAPAN: Suzuki, perhaps Subaru, in on GM's Daewoo deal - reports
Suzuki is negotiating to take an equity stake of about 15% in the company that will take over operations from Daewoo and in which General Motors will take a majority interest, The Nihon Keizai Shimbun said, according to a report in the Wall Street Journal (WSJ). The WSJ said the investment should allow GM partner Suzuki to jointly develop subcompact cars with Daewoo and exchange engines and other key components.
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