General Motors & Fiat bid to take over troubled Daewoo's parent company

American car manufacturer General Motors and Italian car manufacturer Fiat have submitted a joint bid for the purchase of Korean car maker Daewoo Motor which would give Daewoo a chance to break even. "The fact that GM and FIAT are likely to take control of the Korean company will not change the current situation of Daewoo in Poland as the three companies will remain competitors in the Polish market," said Fiat Auto Poland spokesman Maciej Brzozowski. The Daewoo factory in Poland is the largest investment by Daewoo internationally. After FIAT, Daewoo is the second largest car manufacturer in Poland. In related news, regardless of the unclear future of the parent company, Daewoo Motor Polska is continuing with its plans to build a new plant in Lublin, which is expected to produce 100,000 trucks annually. Over zl. 850 million will be spent on the venture. (Puls Biznesu, page 1, 9) A.Z.