One more partner would invest in the new Daewoo Motor after Suzuki, General Motors said at a press conference.

Top Japanese minivehicle maker Suzuki earlier announced it would take a 14.9 percent stake for $US89 million but GM's Asia-Pacific president Frederick Henderson said: "There will be one more partner investing in the new Daewoo company."

"It could well be another partner in Asia, but I cannot confirm it at this time."

China's Shanghai Automotive Industry Corporation (SAIC) has said that it has been in talks with GM about participation.

 

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