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

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.

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

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).

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

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)

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

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).