SEOUL: GM Daewoo Automotive & Technology Co plans to invest 1.74 trillion won (US$1.48bil) in the next few years to boost capacity and produce diesel engines and new car models.
South Korea’s third largest vehicle maker said it also planned to create 1,000 jobs to back up its move for a full-fledged expansion in the country. GM Daewoo was created after US auto giant General Motors Corp and partners took a majority stake in key assets of failed Daewoo Motor in 2002. – Reuters
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