Word: daewoo
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Dates: during 1985-1985
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Hyundai is only the first of several Korean companies that are eyeing the American market. Daewoo, a firm that is 50% owned by General Motors, hopes to be selling 80,000 cars in the U.S. in 1987. Kia, a Korean conglomerate, could link up with Ford, and Chrysler has held talks with Samsung, another firm with designs on the U.S. market. Maryann Keller, an auto-industry expert with Vilas-Fischer Assoc. in New York City, predicts that imports from such countries as South Korea, Taiwan, Mexico and Brazil will one day control the important U.S. market...
...company to build a car in the U.S., sell it for less than $7,000 and make a decent profit. GM imports some subcompact models for sale in the U.S. from Japan's Suzuki and Isuzu, and it has plans to bring in more from its South Korean partner, Daewoo. GM is also manufacturing small cars in a venture with Toyota in Fremont, Calif...