DaimlerChrysler partnering Hyundai in battle for Daewoo?

Convincing reports suggest DaimlerChrysler has decided to make a joint bid with Hyundai Motor for Korea''s Daewoo Motor.

Jim Regan

June 12, 2000

There are strong rumours doing the rounds in Seoul that DaimlerChrysler (DC) has teamed up with Hyundai Motor (HM) and the two will make a joint bid for Daewoo Motor (DM). If, as seems likely, this is the case, the joint venture would be a strong contender to win control of thedefunct automotive company. The other hot favourites, General Motors (GM) and Ford, can boast financial muscle but neither has Korean credentials.

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