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GM Hints at Withdrawing Debt-for-equity Swap Plan for S. Korean Unit

GM Hints at Withdrawing Debt-for-equity Swap Plan for S. Korean Unit

SEOUL, Apr. 15 (Korea Bizwire) — U.S. automobile giant General Motors Co. hinted at possible willingness to withdraw the planned debt-for-equity swap for GM Korea Co., in an apparent bid to induce the state creditor to pump more cash into the financially-troubled South Korean unit, industry sources said Sunday. According to the sources, GM Executive [...]