GM TO MAKE CARS
IN EAST GERMANYGeneral Motors Corp. will begin making cars in East Germany later this year, Roger Smith, company chairman, said in an address to shareholders at his last GM annual meeting.
If GM starts production as planned in October, the world's largest corporation will become the first U.S. automaker to make vehicles in the region undergoing rapid political and economic reform.
Mr. Smith, who retires July 31 after 9 1/2 years as head of GM, said the company will make Opel Vectra cars for sale in Europe under a joint venture with East Germany's Automobilewerke Eisenach. The company will assemble about 10,000 cars this year.
S. KOREA ENDS CURBS
ON SOME JAPAN GOODS
TOKYO - Visiting South Korean Trade and Industry Minister Park Pil Soo told his Japanese counterpart Kabun Muto that South Korea has ended curbs on importing 429 Japanese products, officials of the Ministry of International Trade and Industry said.
South Korea had restricted the imports through annual guidance to domestic importers to obtain such products from other countries. The policy was designed to protect South Korean industries from Japanese competition, MITI said.
However, South Korea still retains import curbs on 258 Japanese products based on the 1980 External Trade Act.
CAMPBELL PLANS TO SELL
SOME EUROPEAN UNITS
CAMDEN, N.J. - Campbell Soup Co. plans to sell several of its European food units in an effort to focus on its more profitable businesses.
On the auction block are D. Lazzaroni & C. SpA of Italy; Campbell Seafoods Division, which operates in the United Kingdom and Belgium; the vegetable division of Campbell Foods PLC in England and Campbell Irish Foods Ltd. and Mallow Foods Ltd., both of Ireland.
The latter three companies were acquired when Campbell took over Freshbake Foods Group PLC of Britain in 1988. Total sales of all the businesses to be sold exceed $200 million, the company said.
GM TO MAKE CARS