Is Hyundai still interested in Daewoo's Zeran and Lublin? GM and Fiat out!

According to Economy Minister Edward Nowak, reports about Hyundai's withdrawal from a takeover of Poland's Daewoo auto plants are “only a kind of game,” and announced that the government is prepared to assist a serious investor willing to bail out the Zeran and Lublin factories. Nowak's comments followed a statement earlier last week by Hyundai spokesman Min Hyung Joon that the company has “little 'energy' to take over the assets of our Korean rival Daewoo Motor.” Hyundai's official statement about withdrawing from the takeover expressed the view that ultimately help could come from the Korean government. Meanwhile, GM and Fiat, already big players in domestic auto manufacturing and previously considered strong contenders for taking over the Polish plants, made it official that they are not interested in the Daewoo investments, since their takeover attempts would be blocked by the anti-monopoly office. (Prawo i Gospodarka, Jan.27-28, pp.1,3)