The Car Connection

GM Marks One Year with Daewoo

Mon, 20 Oct 2003 07:00:00 +0000

Related Articles: Ford Boosting Asian Foothold by Joseph Szczesny (10/19/2003) Expansions in Thailand and the Philippines are on the menu for number two. 2004 Suzuki Verona by John Pearley Huffman (10/6/2003) Workers of the world, unite! Suzuki Has Big Plans by Joseph Szczesny (10/13/2003) Japan’s least likely titan seeks to break on through...

CHRYSLER RECALLS MINIVANS

Thu, 07 Nov 2002 08:00:00 +0000

CHRYSLER RECALLS MINIVANS The Chrysler Group will recall about 500,000 of its 1996-1998 minivans because an errant clockspring could cause some vehicle systems to fail. The part could block the proper function of the driver-side airbag, Reuters reports, as well as the horn and cruise control. A Chrysler rep told the news service that the vehicles...

Suppliers Put Daewoo Deal in Danger

Tue, 03 Sep 2002 07:00:00 +0000

Related Articles: GM-Daewoo Deal Done by Joseph Szczesny (5/6/2002) A year after entering into what it thought was a definitive agreement to acquire South Korea's Daewoo Motor Corp., GM is still struggling to nail down the loose ends of a deal it thought it wrapped up months ago. In the latest development in the takeover saga now unfolding in...

GM-Daewoo Deal Done

Mon, 06 May 2002 07:00:00 +0000

Daewoo Dealers Doomed? by TCC Team (4/15/2002) General Motors Corp. has taken over select assets of the Daewoo Motor Company in a $1.2 billion transaction that will give GM a better foothold in Asia. "This is an important day for GM," said GM Chairman John F. Smith, Jr., who has campaigned for more than a decade for GM to develop a major presence...

WJR: GM-Daewoo Deal

Mon, 29 Apr 2002 07:00:00 +0000

After nearly two years of often-contentious negotiations, General Motors has finally grabbed the brass ring. But whether it can turn the Korean carmaker, Daewoo, into gold, is anything but certain. There’s clearly plenty of potential. You just have to look at the amazing turnaround underway at Daewoo’s Korean competitor, Hyundai, to see that...

Daewoo Dealers Doomed?

Mon, 15 Apr 2002 07:00:00 +0000

GM-Daewoo Deal in 2002? by Joseph Szczesny (12/3/2001) Barring a last-minute reprieve, Daewoo Motor America’s 500 franchised dealers likely will be forced to shutter their showrooms in a matter of weeks. But while dealers could lose a collective investment totaling perhaps a billion dollars or more, company officials promise U.S. consumers...

FORD CUTTING BLUE OVAL?

Wed, 26 Dec 2001 08:00:00 +0000

FORD CUTTING BLUE OVAL? Ford’s attempts to cut costs across its global empire aren’t limited to layoffs. USA Today says that Ford, the world’s second-largest automaker, is looking at slicing the budget for its Blue Oval Certified program, which enticed dealers to improve their showrooms, service departments and personnel training. The paper...

GM-Daewoo Deal in 2002?

Mon, 03 Dec 2001 08:00:00 +0000

GM-Daewoo Make a Deal by Joseph Szczesny (9/24/2001) Spy Shots: '03 Daewoo Nubira by Brenda Priddy (11/5/2001) Lutz’s Far-Reaching Influence by Jim Burt (11/19/2001) General Motors’ long, arduous pursuit of Daewoo probably will not be finished until next year, GM officials now concede. In September, GM negotiated a tentative agreement to take...

SPY SHOTS: 2003 DAEWOO NUBIRA

Mon, 05 Nov 2001 08:00:00 +0000

SPY SHOTS: 2003 DAEWOO NUBIRA Caught undergoing chassis and durability tests in the Austrian Alps, early prototypes of the next-generation Daewoo Nubira are now being tested by the Korean car maker. The new vehicle is due to be released in late 2002. This date, however, is obviously subject to change based on General Motors’ timeline. For more...

GM-Daewoo Make a Deal

Mon, 24 Sep 2001 07:00:00 +0000

updated 9/22/2001 General Motors Corp. has capped off months of discussions with Korean authorities by negotiating a new memorandum of understanding with the Daewoo Motor Company, and the Korea Development Bank, which is acting on behalf of the bankrupt South Korean automaker's creditors. The agreements is described by GM officials as "a...

GM-Daewoo Deal Fading

Mon, 27 Aug 2001 07:00:00 +0000

GM Bids $775 Mil for Daewoo by Joseph Szczesny (6/4/2001) General Motors Corp.’s and Fiat's effort to acquire Daewoo Motor could grind to a halt this week if the South Korean government and Daewoo's creditors decide the time has come to pull the plug on the long-running negotiations with the world's number-one automaker. Daewoo's creditors have...

GM Bids $775 Mil for Daewoo

Mon, 04 Jun 2001 07:00:00 +0000

General Motors’ long, ardent pursuit of South Korea’s Daewoo Motor may have reached its final phase. GM, the Korean Development Bank (which will represents Daewoo's creditors), and Daewoo have announced they have reached an agreement to begin the formal negotiations for GM to take over the company’s passenger-car operations. Wire reports on...

GM Closing In on Daewoo?

Mon, 26 Mar 2001 07:00:00 +0000

Daewoo, the insolvent South Korean automaker, is still hoping to close out a deal with General Motors Corp. that could guarantee its survival. GM and its Italian partner Fiat may buy Daewoo Motor Co.'s assets in partnership with the company’s creditors and the Korean government, according to a recent report in the Seoul Economic Daily. The...

2001 L.A. Auto Show, Day One

Mon, 01 Jan 2001 08:00:00 +0000

“F” AS IN “FANTASTIC. Jaguar will put its F-Type show car into production, starting in 2004, announced Wolfgang Reitzle, head of Ford Motor Co.’s Premier Automotive Group. Originally introduced at the 2000 North American International Auto Show, in Detroit, the F-type is a sleek roadster reminiscent of the original Jaguar E-Type. “The...

Witching Hour for Daewoo

Mon, 27 Nov 2000 08:00:00 +0000

The struggle to save South Korea’s Daewoo Motors from the scrap heap is now reaching a climax. The South Korean government continues to look for ways to keep Daewoo afloat, but the effort to save the automaker is increasingly problematic as South Korean unions refuse a sweeping reorganization. Meanwhile, Daewoo is finding it increasingly...