GM to provide loans to Korean unit, state-run bank to receive shares
 

Filed under: Earnings/Financials,UAW/Unions,GM

https://o.aolcdn.com/images/dims3/GL.../RTX5EYSC.jpeg General Motors' planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday.Continue reading GM to provide loans to Korean unit, state-run bank to receive shares

GM to provide loans to Korean unit, state-run bank to receive shares originally appeared on Autoblog on Wed, 02 May 2018 13:15:00 EDT. Please see our terms for use of feeds.



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