Daewoo Motor contractors have decided to suspend supplies of automobile components to the carmaker from Thursday due to the company's failure to pay suppliers for the parts, local newspapers reported, citing suppliers' representatives.

Daewoo Motor company will resume making cars next week after subcontractors decided to restart parts supplies after a five-day boycott of the troubled carmaker.

General Motors says it is still interested in buying Daewoo, and plans to decide whether to do so "as soon as possible".

General Motors says it is still interested in buying Daewoo, and plans to decide whether to do so "as soon as possible".