SEOUL, Feb 19 (Reuters) - Chung Mong-koo, who heads the Hyundai Motor (005830.KS) group, will step down as executive board member of affiliate Kia Motors Corp (000270.KS), the company said on Thursday, but plans to stay on as Kia's chairman.
Company officials said the decision would have to be made official at Kia's annual shareholder meeting on March 6.
(Reporting by Cheon Jong-woo and Marie-France Han; editing by Jonathan Thatcher)
DETROIT/STOCKHOLM (Reuters) - General Motors Co said it would begin shutting down its money-losing Saab brand after a last-ditch talk to sell it to a small Dutch sports car builder collapsed on Friday.
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