Word: daewoo
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Hyundai and Kia are defying a tradition that has put all their compatriots out of business except Daewoo, which is sputtering. As Korea lurched toward democracy and full-scale industrialization in the late 1980s, labor unrest worsened quality problems in carmaking and other industries. The Asian financial crisis struck another blow in 1997. Kia (then independent) went bust, to be absorbed by Hyundai. Daewoo, Korea's second largest automaker, filed for bankruptcy last year with estimated debts of $17 billion. Its fate now depends largely on whether General Motors can negotiate a takeover...
DEJA VU The hottest machines at PC Expo in New York City last week looked suspiciously similar to a PC made by the one big company that didn't show, Apple. Daewoo Telecom's Future Power, for example, unveiled an all-in-one Windows PC called the E-Power that comes in five flavors, er, colors--amethyst, ruby, topaz, emerald and sapphire. Bad news for Steve Jobs: E-Power will ship at about two-thirds the price of the iMac...
...cars a year, it intends to produce 40,000 seven-seat multipurpose vans annually. GM has also concluded what Smith calls "a strategic agreement" with Japan's Suzuki to "work together in the lower end of the car market," and is looking at joint projects it could undertake with Daewoo of South Korea...
...Daewoo Professor of Business Administration at Harvard Business School (HBS) Ramchandran Jaikumar suffered a fatal heart attack on Feb. 10, while mountain climbing in Ecuador...
...Daewoo Professor of Business Administration at Harvard Business School (HBS), Jaikumar suffered a fatal heart attack on Tuesday, Feb. 10. He was 53 years...