License prolongation key to Daewoo-FSO's survival

It is believed such prolongation could form a part of an offset agreement, and it is unofficially known that GM DAT would be willing to accept such a deal. At present, production rights end this October, but FSO's management are hoping to have them prolonged until the end of 2006, which would allow the factory to survive until a new investor can be found. As for now, the only company willing to invest in FSO is the UK's MG Rover, which, together with Cornerstone Partners, presented a business plan for the factory earlier this year. Should the Rover proposals be accepted, the British firm would not start producing cars there until next May at the earliest. (Puls Biznesu, p. 9) D.W.