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GM-Daewoo Signs Contract With Daewoo Motor Sales.

Asia Africa Intelligence Wire

| November 11, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Korean Industry Update)

Daewoo Motor Sales has concluded a formal contract with GM-Daewoo Motor for sales of passenger cars manufactured by the American auto maker, which took over the ailing Daewoo Motor.

Under the exclusive sales contract, GM-Daewoo will pay a 15% sales commission to Daewoo Motor Sales. The contract is to expire at the end of 2004 and will …

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