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South Korean church to end car venture with North - source

Started by riky, November 27, 2012, 03:51:06 PM

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riky

South Korean church to end car venture with North - source

<p><a href="http://news.yahoo.com/south-korean-church-end-car-venture-north-source-094810293--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/ifwp5SZrEW7ZWUQLpImxKA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT04NTt3PTEzMA--/http://media.zenfs.com/en_us/News/Reuters/2012-11-27T094901Z_1_CBRE8AQ0R9R00_RTROPTP_2_OUKOE-UK-KOREA-NORTH-CARMAKER.JPG" width="130" height="86" alt="File photo of Reverend Moon Sun-myung, head of the Unification Church, taking part in an awards ceremony in Seoul" align="left" title="File photo of Reverend Moon Sun-myung, head of the Unification Church, taking part in an awards ceremony in Seoul" border="0" /></a>SEOUL (Reuters) - One of the more bizarre joint ventures in car-making is set to come to an end following the death of the head of South Korea's Unification Church which it is to give its stake in the Pyeonghwa Motors operation to North Korea. Pyeonghwa, which produces models based on ageing Fiat SpA designs as well as those of Brilliance China Automotive Holdings, is the sole carmaker in isolated North Korea, although few of its impoverished citizens are able to afford its products. ...</p><br clear="all"/>

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