Parts group seeks Daewoo
SEOUL - The Korea Federation of Small Business, which represents dozens of suppliers to Daewoo Motor Co., formally entered the bidding for the bankrupt automaker on Friday, Jan. 28.
Park Sang-Hee, chairman of the federation, said the group opposes the sale of Daewoo to a non-Korean buyer. Suppliers fear that a foreign owner would shift Daewoo sourcing to overseas suppliers.
General Motors, Ford Motor, DaimlerChrysler and Fiat Auto have expressed interest in acquiring Daewoo. The two U.S. automakers are believed to have the best chance. Hyundai Motor Co., already Korea's biggest automaker with 75 percent of the local market, also has expressed interest, possibly by bidding in partnership with another company. (See story on Page 104.)
Tiger has fun in Buick spots
DETROIT - Buick will broadcast its first national TV commercials featuring new spokesman Tiger Woods during the 2000 Buick Invitational on Feb. 10-13. The 'lighthearted' commercials show the golf champion 'having a little more fun, which is something (Woods) wanted to do,' said Buick spokesman Peter Ternes. The commercials feature the Buick Regal.
Makers protest 30-mph test
WASHINGTON - Automakers appealed to the White House late last week not to repeat past mistakes on airbags.
The White House's Office of Management and Budget, which has final say over rules on next-generation airbags, invited industry lobbyists and their allies to make their case before final regulations are issued, possibly in February.
The industry wants to keep the administration from reinstating an airbag test requiring protection for an unbelted mid-sized adult male dummy in a 30-mph crash into a solid barrier.
Automakers, who favor a 25-mph test, argue the more aggressive one would force them to increase airbags' power to the point that they again would pose a threat to children and small women.