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Production - S. Korea - GM Daewoo Taking Over Bupyong
Seoul, S.Korea -The Car Connection(USA), by Peter Chang -15 Sept 2005: -- GM Daewoo says it will take over the main Bupyong plant of the now-defunct Daewoo Motor on Sept. 30. The plant, located in a city near Seoul, has been waiting for the final announcement by GM Daewoo after it was left out of the 2002 deal in which General Motors and its partners took a majority stake... GM Daewoo officials said the acquisition is part of the efforts to broaden its product line into sedans and sport utility vehicles to compete with top Hyundai Motor and its affiliate Kia Motors in the home market of South Korea and in overseas...
posted by Unknown @ 9:56 AM
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