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Markets - S.Korea - GM's U.S. woes not denting GM Daewoo
PUSAN, South Korea -Reuters -Nov 16, 2005: -- General Motors' financial woes will not hamper its South Korean unit, the head of GM Daewoo Automotive & Technology Co. said on Wednesday... A solid South Korean business is one of few bright spots for the world's largest auto maker, which is hemorrhaging money at its core North American operations... Hyundai and Kia are also developing low-emission engines to meet increasingly tough environmental laws in overseas markets... Robust exports helped GM Daewoo post record monthly sales of 112,631 vehicles in October, up 41 percent on a year earlier...
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