GM, however, wants Daewoo badly. The group now includes three Japanese automakers and Italy's Fiat Auto SpA, GM's partner in the bid for Daewoo. What's less clear, but far more important, is whether funneling Daewoo into one global network will be good for the winner's shareholders, employees or management. No one disputes that Asian markets hold great promise for long-term growth in the auto industry. Yet investors don't pay premiums for long-term strategic moves, particularly for automakers whose returns are dwarfed by technology companies.
Investors pay for profits.
The bidding for Daewoo will generate excitement and, ultimately, a winner. However the deal is structured, investors won't care much until the results start coming. That could be years from now. We welcome your comments .