Chinese in driving seat over deal with Daewoo-FSO car concern?
The Daewoo-FSO car manufacturing company, which is currently searching for a strategic investor, has invited one of the largest car manufacturers in China, Brilliance China Automotive, to consider investing in FSO. According to Puls Biznesu's unofficial source the Chinese have expressed an interest in the proposal. Back in 2002 another possible investor for FSO, British MG Rover, tried to reach an agreement with Brilliance China Automotive but negotiations eventually foundered. It managed to find another partner on the Chinese market and dropped talks on investment in FSO. Nevertheless, the paper's source claims that MG Rover and its present Chinese partner are still considering cooperating with Daewoo-FSO. (Puls Biznesu, pp.1,4) E.B