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They are even more critical when that automaker is trying to rebuild from years of turmoil.
“We know some are in a very critical state and obviously all of them have some stretched liquidity issues,” he says.
“They will get a cash injection pretty soon,” Reilly says. “That will put some liquidity back into the system.”
But Reilly says they will have to do some work on constant quality improvements since Daewoo Motor did not stress that.
Daewoo concentrates on Korea, Europe
“There’s been a $100 million worth of business placed with the Korean network already,” Reilly says, “and that’s totally on top of anything we are doing at GM Daewoo.”
“That would make us just uncompetitive if we were trying to pay back some of the losses of the past,” he says.