Ford's bid for Kia spurs analysts' doubts

Article Abstract:

Kia Motors Corp.'s high debts and aggressive union cast analysts doubts on Ford Motor Co.'s acquisition bid. Ford bids against three Korea-headquartered car manufacturers Hyundai Motor Co., Daewoo Motor Co. and Samsung Motors Inc. to own Kia and Asia Motors Co., an affiliated commercial vehicle business. Kia and Asia Motors, which posted a high of $9.1 billion in debt is proposed to have minimum purchase price of 5,000 won a share by its creditors. Kia registered a loss of 4.24 trillion won in the first half of 1998, up from 37 billion won in 1997.

Comment:

Kia Motor Corp's high debts and aggressive union cast analysts doubts on its acquisition bid

Asset sales & divestitures, Acquisitions & mergers, Ford Motor Co., Kia Motors Corp., Article

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Samsung Motors poses test

Article Abstract:

The government-backed reform plans for Samsung Motors Inc has encountered political opposition from the city of Pusan, South Korea. The plan, announced in Jun 1999, was initially seen as a positive move for the rehabilitation of the nation's business sector. However, a rally by about 10,000 employees and civic group members in Pusan, the location of the Samsung plant, has accused the government of President Kim Dae Jung of deliberately plotting to kill the local economy.

Government domestic functions, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Pusan, South Korea, Samsung Motors Inc.

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Family intrusion poses risk to improvements at Hyundai

Article Abstract:

Hyundai founder Chung Ju Yung's unwillingness to sell his stake in Hyundai Motor interferes with the conglomerate's plans to restructure.

Diversified Companies, Organizational history, Motor Vehicles and Equipment, Hyundai Motor Company Ltd., Hyundai Corp.

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