Automotive Industry
Industry: Email Alert RSS FeedHolden buys GM Daewoo stake.(News)
Automotive News Europe, November, 2002 by Strummer, Joe
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Byline: John Mellor
General Motors' transfer of its 44.6 percent stake in GM Daewoo Auto & Technology to GM subsidiary Holden opens up the Korean market to Holden vehicles.
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Australia's Holden paid GM $251 million ([euro]258 million) for the stake. Other shareholders are GM affiliates Suzuki of Japan with 14.9 percent and Shanghai Automotive Industries of China with 10.6 percent. Creditors of the former Daewoo Motor Co. own the ...
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Most Popular Articles in Autos
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- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
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