GERMANY: DaimlerChrysler and Hyundai preparing joint bid for Daewoo
DaimlerChrysler AG and Hyundai Motor Co. are reportedly putting together a joint bid for South Korean corporation Daewoo Motor Co. according to the German business daily Handelsblatt.
The deal, which is likely to be officially announced later this week, could be completed by the end of June.
DaimlerChrysler AG and Hyundai Motor Co. are reportedly putting together a joint bid for South Korean corporation Daewoo Motor Co. according to the German business daily Handelsblatt.
The deal, which is likely to be officially announced later this week, could be completed by the end of June.
Daewoo’s automotive operations are up for auction due to the company’s deep debt and dire financial situation. GM and Ford had been thought the most likely to succeed as bidders, but DCX and Hyundai’s interest has accelerated in recent weeks.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.
