REPORT: GM ups its ante in GM Daewoo

REPORT: GM ups its ante in GM Daewoo

www.samsungbola.com, Agen Bola dan Kasino Online, Agen Bola Terpercaya, Bandar Bola,

Jonathon Ramsey

GM Daewoo has four shareholders: GM, Korea Development Bank, Suzuki Motor Corporation, and Shanghai Automotive Industry Corporation. When GM Daewoo put out a rights issue, only one of the four took the bite: GM, which made it rain to the tune of $412 million and raised its stake from 50.9% to 70.1%.

Neither GM's move nor the non-interest of at least two other parties is surprising. SAIC is still gun shy about certain investments after the Ssangyong debacle, while Suzuki is more concerned with being courted by VW and the Kizashi's fate in the U.S. right now. It is GM that has every reason to strengthen its ties in Asia; after all, The General sold more cars in China last month than it did at home -- and with GM Daewoo.

Daewoo engineers small cars for GM, like Chevrolet's crucial acid test known as the Cruze, and last year, all told, GM Daewoo sold 1.9 million units. The financial infusion will be used for debts and to help the company's liquidity position.

[Source: Detroit News via GM Inside News]GMDaewooBudgetasiachevy cruzedaewoodaewoo lacettiDaewooLacettigeneral motorsGeneralMotorsgmgm daewooGmDaewoolacettisouth koreaSouthKoreaI'm reporting this comment as:Rude or offensiveNot constructive / off-topicSexual contentSpam or misleadingOtherReported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

Somehow I can't help but wonder whether this is the US taxpayer that just increased it's stake in Daewoo instead of GM.0ReportReply Anonymous5 Years AgoGM is NOT going to consolidate all its passenger car engineering to Daewoo in Korea, just small cars. Small cars are Daewoo's specialty and with the investment that GM has made in the company, it only makes sense to use it. But it won't be used for cars like the Malibu or next Impala. Those will be done by the U.S. operations or Holden. And even though the Cruze was mostly engineered in Korea, it is getting significant revisions such as powertrain for the U.S. market. And of course the Volt is being engineered almost entirely in the U.S. 

www.samsungbola.com, Agen Bola dan Kasino Online, Agen Bola Terpercaya, Bandar Bola,