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The Latest on Daewoo and General Motors in Eastern Europe - just-auto.com Reports

26 September 2000

The Latest on Daewoo and General Motors in Eastern Europe - just-auto.com Reports

    LONDON, Sept. 26 http://www.just-auto.com -- Ahead of an
expected statement this week by General Motors Corp about its intentions with
Daewoo Motor Co Ltd, http://www.just-auto.com looks at the potential appeal to GM of
the Korean automaker's core network of overseas operations, spread across
Eastern Europe and ex-USSR.
    In Czech Republic, Poland, Romania, Russia, Ukraine and Uzbekistan --
Daewoo rapidly tried to build an auto empire to compete with giants from
Western Europe.  The grand scheme failed spectacularly, but some initiatives
have been successful, and they could complement the manufacturing profile of
many automakers.
    As GM is the favoured (and maybe only) candidate to buy Daewoo,
http://www.just-auto.com analyses ways the US automaker may view the Korean company's
holdings in Eastern Europe.  Daewoo executives there fear GM may shut their
operations as a new owner of the Korean company, since the US automaker
already is strong in the region.  But the issues are complex, and Hyundai
Motor Co Ltd could be a big factor.

    Read the findings at: http://www.just-auto.com/features_detail.asp?art=290

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