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South Korea And GM Work Out Deal

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On Wednesday South Korea said that an impending deal with General Motors to refinance its local unit which will ensure the U.S. automaker remains in the country for at least 10 years. GM and South Korea reached a preliminary agreement last month to inject $4.35 billion into the money-losing unit to keep it afloat. While a final agreement is expected this week, industry watchers are skeptical this will mean the end of restructuring for the unit.

Added on the 09/05/2018 07:07:28 - Copyright : Wochit

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