BUSINESS
July 1, 1992 | From Reuters
Talks with McDonnell Douglas Corp. will be resumed in a bid to salvage Taiwan's troubled plan for a multibillion-dollar link-up with the U.S. airplane maker, the government said Tuesday. A new negotiating team, which includes officials of Taiwan Aerospace Corp. and leading local industrialists, hopes to restart the talks in early September, Vice Economics Minister Yang Shih-chien told reporters.
BUSINESS
April 27, 1992 | DAVID HOLLEY and RALPH VARTABEDIAN, TIMES STAFF WRITER
A succession of delays in Taiwan Aerospace Corp.'s proposed investment in McDonnell Douglas is prompting new questions about the enthusiasm of private investors in Taiwan. The government owns 29% of Taiwan Aerospace but wants the private sector to finance most of Taiwan's investment in McDonnell's commercial aircraft business. And industry has begun expressing doubts about a deal that could amount to a $2-billion purchase of a 40% stake in the Long Beach-based operation.