Hyundai Motor locked out of Daewoo Motor auction

Hyundai Motor (HM) is likely to be squeezed out of the Korean governmentÆs auction of Daewoo Motor

áHyundai Motor HM is likely to be squeezed out of the Korean governmentÆs auction of Daewoo Motor DM, given the restricted access it now has to affiliatesÆ finances and the unwillingness of other potential bidders to take on the anti-trust baggage it would bring to a partnership.

The fact HM is still in the race and making noises appears to be little more than a face-saving excercise after controversial changes at the top of the Hyundai...

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