GM Daewoo UK Statement Concerning The Administration Of Daewoo Cars Limited

Following the Daewoo Cars Limited appointment of an administrator, GM Daewoo UK wishes to reassure all Daewoo customers that the planned establishment of a new GM Daewoo UK sales organisation is not affected. This new UK import and distribution company remains on track to be operational later this month, dependent upon final negotiations being completed between GM Daewoo and other parties in Korea. GM Daewoo UK is confident that, once these global negotiations have been completed, it can take over responsibility for its UK Daewoo customers.

Andy Carroll, head of the GM Daewoo UK transition team and Managing Director (Designate) of GM Daewoo UK said, ‘Our top priority is to ensure that Daewoo owners are inconvenienced as little as possible and I am convinced that the work that we are doing now will make the Daewoo ownership experience with our new company better than ever before’.

Published 8 October 2002 Melanie Carter

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