Fab Five compete for Daewoo cars.docVIP

 PAGE \* MERGEFORMAT 9 Fab Five compete for Daewoo cars Since early February around the auction of Daewoo Motor of international tenders issued concerned, the focus of the global auto industry has gathered since this could become the 21st century, the biggest auto merger. Some time ago, the world’s largest automotive companies in the top six companies, in addition to Toyota made it clear that lack of interest, the remaining five are on the outside world expressed interest in acquiring Daewoo Motor, which is really unprecedented in the history of the automotive industry. The previous model of the big mergers and acquisitions are one-track mind, this time has become one of the five pairs of grab war. GM, Ford: Daewoo means that when the Asian market where the number of common scaled up. The company’s first intervention, either from the occupied vehicle industry leading position and strong financial resources, or from more than 20 years with the close co-operation Daewoo Motor origins, it seems that are determined to win, so common only targeted hematemesis release to 6.2 billion price tag . In this regard, South Korea feel helpless, not find a response, but is always unsuccessful. In October last year, had to cast a smokescreen, claiming that intends to nationalize the Daewoo Motor. Sensible person knows that, if more than 160 billion dollars in Daewoo Motor to carry the debt by the government, that the Daewoo Group, up to 600 billion dollars in debt who is going to carry? We owe all the consortium as several tens of billions of dollars in debt who is going to settle the United States has long been seen through the South Korea General cards, slowly close line. GM Chairman John Smith, the public, said Daewoo Motor more delay, the more their prices down, aimed at urging South Korea to just leave, early common allegiance. Which material was, Ford suddenly pick inserted a first horizontal bar, Daimler - Chrysler, Fiat, Renault, Volkswagen, also to be outdone, have t