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BUSINESS NEWS.(TO THE POINT)

Investor's Business Daily

| September 04, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TRANSPORTATION

GM makes new bid for Daewoo

The offer excluded the bankrupt automaker's largest and oldest plant, which employs almost half of its South Korean work force. That plant has been a stumbling block. The talks continue. GM and partner Fiat made an initial bid in May. Ford made a nonbinding $6.04 billion offer 11 months ago, but delay has battered Daewoo's value.

Jet orders to keep falling in 2002

No relief is in sight as global airlines bleed money and face a rough 2002, industry experts said. Last year, carriers ordered a net 1,081 jets. By mid-2001, they'd placed just 480, consulting firm Teal Group said. It sees 600 orders this year and 300 in 2002. Big airlines have also retired jets due to weak demand.

EU, U.K. authorities look further

into British Air-American alliance

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