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August 24, 1995 | Times Staff and Wire Reports
Polish Auto Maker Pursues Daewoo Over GM: The head of Poland's second-largest car maker said his company is unlikely to resume talks with General Motors Corp. on a possible partnership even though he will meet with GM officials next month. The company, Fabryka Samochodow Osobowych, and GM are operating a small joint venture to assemble 10,000 Opel Astra cars and have talked about a larger partnership.
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BUSINESS
August 24, 1995 | Times Staff and Wire Reports
Polish Auto Maker Pursues Daewoo Over GM: The head of Poland's second-largest car maker said his company is unlikely to resume talks with General Motors Corp. on a possible partnership even though he will meet with GM officials next month. The company, Fabryka Samochodow Osobowych, and GM are operating a small joint venture to assemble 10,000 Opel Astra cars and have talked about a larger partnership.
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BUSINESS
March 18, 1991 | LESLIE HELM, TIMES STAFF WRITER
While auto makers around the world are tightening their belts to adjust to shrinking markets and an overabundance of cars, South Korea's fledgling industry continues to build new factories. There's just one problem: They aren't selling enough cars. By year-end, Korean auto makers will have the capacity to build 2.2 million cars, up 17% from 1989. But the five auto makers will probably sell about 1.4 million cars, only slightly more than last year, analysts predict.
BUSINESS
February 8, 1998 | EVELYN IRITANI, TIMES STAFF WRITER
A year ago, Koo Ja Kyoung looked into his future and saw nothing but prosperity. Sales of his high-tech industrial washing machine were up 40%. His biggest customer, Daewoo Motors Co., was investing billions of dollars in manufacturing plants in Eastern Europe, China and Southeast Asia. Business was so good, he and his wife agreed to postpone having children until later this year, when he planned to take his small manufacturing firm public.
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