South Korea: GM Daewoo repays credit facility in part

General Motors' South Korean subsidiary GM Daewoo Auto & Technology has recently repaid Won 250bn (US$225.19m) to the Korean Development Bank (KDB) as part of its revolving credit facility. The company's president and chief executive officer Mike Arcamone attributed this early repayment to the company's strong liquidity position, on the back Subscribe to Automotive World … Continued

• By Webmaster
• April 27, 2010