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Mitsubishi Motors to sell cars in S. Korea from Oct.

SEOUL, South Korea - Mitsubishi Motors President Osamu Masuko speaks at a press conference in Seoul on July 3. Masuko said the Japanese automaker will begin selling its cars in South Korea in October through its exclusive sales agent, a joint venture between Daewoo Motor Sales Corp. and Mitsubishi Corp.

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Suzuki Motor to sell Daewoo-built cars in N. American market

TOKYO, Japan - Photo shows the Verona subcompact sedan, one of the three car models Suzuki Motor Corp. will start selling in North America in 2004. Suzuki said Feb. 13 the three car models were built by South Korea's GM Daewoo Auto & Technology Co. (GMDAT), an auto-making joint venture General Motors Corp. and Suzuki set up last year with the creditor banks of bankrupt Daewoo Motor Co.

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Suzuki Motor to take 14.9% stake in GM-Daewoo venture

HAMAMATSU, Japan - Suzuki Motor Co. Chairman Osamu Suzuki (L) and General Motors Co. Chairman John Smith shake hands at a news conference in Hamamatsu on June 27. Suzuki Motor has agreed to take a 14.9% equity stake in an auto-making joint venture GM will set up with the creditor banks of bankrupt South Korean automaker Daewoo Motor Co. Suzuki, a GM affiliate, said it will pay $89 million for the stake in the Korean venture, GM Daewoo Auto & Technology Co. (GMDAT).

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GM signs deal to take over S. Korea's Daewoo Motor

SEOUL, South Korea - Union members of South Korea's Daewoo Motor Co. hold a rally at a hotel in Seoul on April 30 to protest General Motors Corp.'s (GM) takeover of Daewoo Motor. GM, Daewoo and Daewoo's chief bank, the Korea Development Bank, signed the takeover deal the same day.

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S. Korea's Daewoo Motor declared bankrupt

SEOUL, South Korea - Korea Development Bank Governor Uhm Rak Yong speaks at a news conference in Seoul on Nov. 8 after the bank decided to declare Daewoo Motor Co. bankrupt. Uhm said the Daewoo management will decide on whether the firm will apply for court receivership, which will install trustees. Daewoo failed to repay 88.7 billion won (about $78 million) in debts by the close of business on Nov. 7, including 44.5 billion won it had failed to repay the previous day.

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Ford Motor selected sole bidder for Daewoo Motor

SEOUL, South Korea - An official of South Korea's debt-ridden Daewoo Motor Co. briefs reporters June 29 on a decision by the company's restructuring committee to select Ford Motor Co. as the ''preferred bidder'' after an international auction. In the three-way auction, Ford Motor won over General Motors Corp., which had formed an alliance with Italy's Fiat SpA, and another alliance between DaimlerChrysler AG and South Korea's Hyundai Motor Co.

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Mitsubishi Motors to sell cars in S. Korea from Oct.

SEOUL, South Korea - Mitsubishi Motors President Osamu Masuko speaks at a press conference in Seoul on July 3. Masuko said the Japanese automaker will begin selling its cars in South Korea in October through its exclusive sales agent, a joint venture between Daewoo Motor Sales Corp. and Mitsubishi Corp. (Kyodo)

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Ford mulls acquisition of S. Korean automaker

NEW YORK, United States - Henry Wallace, chief financial officer of Ford Motor Co., speaks at a discussion forum sponsored by the Japan Society in New York on March 23. He said Ford is taking ''a serious look'' at whether to acquire South Korea's embattled Daewoo Motor Co., a move that could make the No. 2 U.S. automaker the world's largest. ''There are clearly some strategic benefits (in a tie-up with Daewoo),'' Wallace told the forum.

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Suzuki Motor to sell Daewoo-built cars in N. American market

TOKYO, Japan - Photo shows the Verona subcompact sedan, one of the three car models Suzuki Motor Corp. will start selling in North America in 2004. Suzuki said Feb. 13 the three car models were built by South Korea's GM Daewoo Auto & Technology Co. (GMDAT), an auto-making joint venture General Motors Corp. and Suzuki set up last year with the creditor banks of bankrupt Daewoo Motor Co. (Kyodo)

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Suzuki Motor to take 14.9% stake in GM-Daewoo venture

HAMAMATSU, Japan - Suzuki Motor Co. Chairman Osamu Suzuki (L) and General Motors Co. Chairman John Smith shake hands at a news conference in Hamamatsu on June 27. Suzuki Motor has agreed to take a 14.9% equity stake in an auto-making joint venture GM will set up with the creditor banks of bankrupt South Korean automaker Daewoo Motor Co. Suzuki, a GM affiliate, said it will pay $89 million for the stake in the Korean venture, GM Daewoo Auto & Technology Co. (GMDAT).

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S. Korea's Daewoo Motor declared bankrupt

SEOUL, South Korea - Korea Development Bank Governor Uhm Rak Yong speaks at a news conference in Seoul on Nov. 8 after the bank decided to declare Daewoo Motor Co. bankrupt. Uhm said the Daewoo management will decide on whether the firm will apply for court receivership, which will install trustees. Daewoo failed to repay 88.7 billion won (about $78 million) in debts by the close of business on Nov. 7, including 44.5 billion won it had failed to repay the previous day.

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Ford Motor selected sole bidder for Daewoo Motor

SEOUL, South Korea - An official of South Korea's debt-ridden Daewoo Motor Co. briefs reporters June 29 on a decision by the company's restructuring committee to select Ford Motor Co. as the ''preferred bidder'' after an international auction. In the three-way auction, Ford Motor won over General Motors Corp., which had formed an alliance with Italy's Fiat SpA, and another alliance between DaimlerChrysler AG and South Korea's Hyundai Motor Co.

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Daewoo to market wagon in Japan

TOKYO, Japan - A handout photo shows the Matiz compact wagon which South Korea's Daewoo Motor Co. will put on the Japanese market Nov. 7. The vehicle is to be exhibited at the 1999 Tokyo Motor Show opening in Makuhari Messe in Chiba, east of Tokyo, on Oct. 30.

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Daewoo plans to enter Japanese market

TOKYO, Japan - The photo shows a 800 cc Matiz, a model Daewoo Motor Co. of South Korea plans to start marketing in Japan early next year. Sources at the automaker said July 16 the company plans to introduce the model at about 700,000 yen.

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Daewoo plans to enter Japanese market

TOKYO, Japan - The photo shows a 800 cc Matiz, a model Daewoo Motor Co. of South Korea plans to start marketing in Japan early next year. Sources at the automaker said July 16 the company plans to introduce the model at about 700,000 yen.