Daewoo Motor Polska denies selling VW rights to LD 100

Representatives of Lublin-based van manufacturer Daewoo Motor Polska (DMP) yesterday denied a press report that an agreement had been made with German automaker Volkswagen to sell the production rights of its new LD 100 van series. DMP also dismissed as false reports that plans are being made to move the van model's production abroad. At the same time the company announced that negotiations are underway with potential candidates, including Volkswagen, to take a strategic position in DMP. Company representatives moreover stressed that moving LD 100 production to a foreign location was not an option in the talks with possible investors. According to an official announcement made by DMP, the company has reached an advanced stage in the talks, with their results scheduled to be released at the end of February or beginning of March. Experts have said that giving up production of the new LD-100 model would lead to the company's shutdown. (Puls Biznesu, p.3; Prawo i Gospodarka, p.2 ) A.Z.