GM Daewoo (””) is an automobile manufacturer in South Korea. The automotive department, formerly called Daewoo Motors and Daewoo associated with the industrial group, is controlled since 2002 by U.S. industrial group General Motors. GM is the majority shareholder with 42 of GM-Daewoo, while Suzuki has a 27 stake.
- Detroit Free Press
Reaction to the Obama administration’s plan for General Motors Corp. and Chrysler LLC:
- Washington Post
Does Barack Obama got a deal for you! “If you buy a car from General Motors or Chrysler, your car serviced and repaired, as always,” announced the president of the Grand Foyer of the White House this morning. And that’s not all! “Your warranty will be safe,” the salesman-in-chief was. “In fact, it will be safer than it ever had, because today is the …
- The Kansas City Star
The General Motors that the government-induced overhaul in the next two months may look much different from the company is now mired in debt, mounting losses, excess and slow sales.
- Business Week
General Motors (GM ) executives and Treasury Department officials have the very clear in recent weeks that they want the auto giant out of Chapter 11. But behind the scenes, GM and its advisers are war-gaming bankruptcy options as a last-ditch way to save of the company.