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Journalism of Courage
FRANKFURT, SEPT 21: US-based General Motor Corporation is keen on taking over the assets of Daewoo Motor Company (DMC) of South Korea, including its Indian subsidiary Daewoo Motors India Limited.
Though negotiations have been initiated in this regard, a final decision on the same is yet to be arrived at, senior company officials said here. “We are still collecting detailed information on Daewoo Motors and are looking at all its assets. This is as part of GM’s plans to forge greater linkages in the East Asian region,” said Kevin E Wale, executive-in-charge, operations of General Motors Asia Pacific.
