Government stresses commitment to finding investor for Daewoo-FSO

Economy Minister Jacek Piechota gave assurances yesterday that the government is continuing the search for an investor in struggling car-maker Daewoo-FSO. Speaking during a meeting with representatives of the Polish-American Chamber of Commerce, Piechota insisted that the government is concerned about the future of the plant and its employees. He said that Finance Minister Marek Belka would soon be extending invitations to potential investors. According to Daewoo-FSO supervisory board member Michal Relewicz, finding a buyer will take at least six months. Although the previous government was considering South Korean car manufacturer Hyundai as a possible investor, Hyundai representatives have recently issued a statement saying they have never considered purchasing Daewoo-FSO and have no intention of doing so. (Puls Biznesu, p. 4; Rzeczpospolita, p. B2; Zycie, p. 11) M.T.K.