Daewoo

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Daewoo (Korean for "Great Universe") was a major South Korean chaebol (conglomerate). It was founded in March 22, 1967 as Daewoo Industrial and was dismantled by the Korean government in 1999. On May 30, 2006 the founder of Daewoo, Kim Woo-jung, was sentenced by a court in Seoul to a fine of approximately 22 billion dollars and 10 years in prison on charges including fraud and embezzlement.

Daewoo Motors arrived in the UK in 1995. At the time, it was the only manufacturer not using traditional dealerships; it owned and operated its own retail network. It was once considered to be near the top 10 motor companies in terms of production.

Daewoo was forced to sell off its automotive arm, Daewoo Motors, to General Motors by the Kim administration. Since then, GM has been moving to rebadge Daewoo cars as the low-end models for many brands, including Chevrolet. GM was sued by Daewoo's former U.S. dealer network over this practice, since they no longer had new Daewoo cars to sell.

Daewoo commercial vehicles division was sold to Tata Motors of India.

Production models:

Daewoo Damas
Daewoo Nexia
Daewoo Espero
Daewoo Gentra K
Daewoo Kalos
Daewoo Lacetti
Daewoo Lanos
Daewoo Leganza
Daewoo Magnus M cont.
Daewoo Matiz
Daewoo Nubira
Daewoo Tacuma
Daewoo Tico
Daewoo Tosca

 

 


Daewoo Motor America
Official U.S. site for the General Motors division. Features current models, dealer locator, promotional events, and more.
www.daewoous.com


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