Suzuki, GM, Daewoo may tie up

Suzuki, GM, Daewoo may tie up

TOKYO: Japanese automaker Suzuki Motor Corp. said Wednesday it
may invest in a South Korean company to be set up by U.S. giant
General Motors Corp. and debt-stricken Daewoo Motor Co.

"We are considering investing in their company," Suzuki
spokesman Takeaki Nukii said.

"The new company will mainly deal with the operations of
Daewoo Motor and the investment is part of our efforts to expand
our business in Asia," he added, without giving further details.

The business daily Nihon Keizai Shimbun said Wednesday Suzuki
would buy a roughly 15 percent stake in the GM-Daewoo company for
10 to 15 billion yen (US$81 to $121 billion).

The U.S. auto giant owns a 20 percent stake in Suzuki. It took
over Daewoo Motor in April. -- AFP