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CommentWire
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GM Daewoo's letter of intent to bid for South Korea's fourth largest automaker, Ssangyong Motor Company, will see it compete with Chinese groups Nanxing and SAI. If successful, this new acquisition could put General Motors [GM] in a strong position to compete against domestic manufacturers in the Korean market.
Published By Datamonitor
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08 Dec 2003 |
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CommentWire
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DaimlerChrysler's [DCX.F] strategy to enlarge its presence in Asia could be threatened by the uncertain future of its partnership with South Korean automaker Hyundai [05380.KS]. This latest development comes on top of the well-documented collapse of its Mitsubishi partnership, leaving DaimlerChrysler in a vulnerable position in this booming automotive market.
Published By Datamonitor
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28 Apr 2004 |
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