DaimlerChrysler partnering Hyundai in battle for Daewoo?

Convincing reports suggest DaimlerChrysler has decided to make a joint bid with Hyundai Motor for Korea''s Daewoo Motor.

There are strong rumours doing the rounds in Seoul that DaimlerChrysler DC has teamed up with Hyundai Motor HM and the two will make a joint bid for Daewoo Motor DM. If, as seems likely, this is the case, the joint venture would be a strong contender to win control of thedefunct automotive company. The other hot favourites, General Motors GM and Ford, can boast financial muscle but neither has Korean credentials.

The fact that having a Korean party on board - especially HM, which already has a 75% share of the country's auto market - is seen as a positive factor reflects the considerable shift in the Korean government's...

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