AM Online

Daewoo reports first profits for nearly three years

Daewoo Motor, Korea, has reported its first operating profit for nearly three years.

Its April profit totalled £3.6m and is a result of a restructuring of the company which has seen savings of £408.1m.

Daewoo has confirmed that General Motors continues to conduct due diligence on the company with a view to a takeover.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.