GM Increases Stake in Daewoo
23 Oct 2009, 13:19 UTC · By: Daniel Patrascu / American manufacturer's GM stake in South Korean carmaker Daewoo increased from 51 to 70.1 percent as a result of the $412 million rights offer to which GM was the only subscriber. As a result,...
GM CEO to Discuss Daewoo Loan
15 Oct 2009, 08:30 UTC · By: Bogdan Popa / GM's CEO Fritz Henderson is discussing with state-run Korea Development Bank over a potential loan package for GM Daewoo, an ailing automaker that has been severely hit by the global recession....
GM Asked by Banks to Invest More in Daewoo
7 Oct 2009, 09:35 UTC · By: Daniel Patrascu / Threatening to mature both loans and foreign exchange forward contracts, the Korea Development Bank asked American manufacturer GM to raise more money for its local unit, Daewoo. According to Min Eu...