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• New Cars Debut At South Florida International Auto Show

• DaimlerChrysler Corporation Invests $455 million in its Indiana Transmission Plant to Build Mercedes-Benz Developed Transmission

• Creditors Begin Discussions With General Motors, Fiat

• Renault starts selling the exclusive Clio Renault Sport V6 in November 2000

• DaimlerChrysler Consolidates e-Business Activities and Founds New DCX NET Holding

• Ford Motor Company of Southern Africa announces extensive parts prices reduction on Ford and Mazda models

• Cadillac Receives USA TODAY Consumer Choice Award For 2000 IMAJ Concept
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• Toyota Announces Ambitious Environmental Action Guidelines for its North American Plants
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• General Motors Names McCann-Erickson Detroit As Agency Of Record For Corporate Advertising And Marketing Activities

• BMW Sales Jump 16.3 Percent For First Nine Months; September Sales Skyrocket By 30 Percent
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• DaimlerChrysler Corporation Announces Formation of Hybrid Electric Vehicle Platform

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News of  October 10, 2000

Creditors Begin Discussions With General Motors, Fiat

Seoul - Daewoo Motor Co. and its creditors and General Motors Co. and Fiat S.p.A. have reached an agreement to begin discussions regarding the acquisition of passenger vehicle assets and related businesses of Daewoo Motor.

GM and Fiat will conduct a preliminary due diligence. This first phase is expected to proceed rapidly and upon further agreement will be followed by formal negotiations.

In accordance with the agreement, GM and Fiat will evaluate the assets and businesses that will be included in the new Daewoo Motor Co. In addition, both sides are expected to begin initial discussions surrounding the terms, conditions and forms of transfer.

The agreement comes as a result of Daewoo Motor and its creditors’ resolve to resume sale of Daewoo Motor as quickly as possible following Ford’s decision to not pursue Daewoo Motor.

Both sides have agreed that all discussions relating to the possible purchase of Daewoo Motor will be kept confidential until a final agreement is signed.

(October 8, 2000)

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