DAEWOO TIES UP LOOSE ENDS BEFORE MATIZ LAUNCH

Article Abstract:

Daewoo Motors India Limited (DMIL) which plans to launch its small car Matiz by the end of October 1998, has signed agreement with KPMG Peat Marwick (KPMG) to bring improvement in its operations so as to take on its competitors. Under the agreement, KPMG will review the existing processes of DMIL with a view to increasing competitiveness. It hopes to achieve over 80 percent capacity utilisation once Matiz car hits Indian market. (gs)

Comment:

Signs agreement with Daewoo Motors India for company to bring improvement in Daewoo's operations so as to take on competitors

Use of services, New orders received, India, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, KPMG Peat Marwick L.L.P., Article, Daewoo Motors India Ltd.

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DAEWOO SETS 25% TARGET FOR MATIZ

Article Abstract:

Daewoo Motors has claimed that it will capture a 25 percent share of the small car market through the Matiz. The company says that the Matiz will take away a share of the market from both the Maruti 800 and the Zen. The basic model of the Matiz may probably be fitted with an air-conditioner as most people prefer it. The company expects to break-even in 1999-2000, with sales of 50,000 cars including the Matiz and the Ceilo. (khr)

South Korea, Financial management, Product introduction, Daewoo Corp.

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