Wednesday, July 13, 2011


Car Review | Daewoo | Daewoo or the Daewoo Group was a major South Korean "chaebol" (conglomerate). It was founded on 22 March 1967 as Daewoo Industrial and was dismantled by the Korean government in 1999. Prior to the Asian Financial Crisis of 1998, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung Group. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies.

Daewoo Motor Co., Ltd.

Daewoo Motor Co.,Ltd. was founded when the Daewoo Group purchased Saehan Motor in 1978, but the Daewoo Motor name appeared only in 1983.

Daewoo Motor 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.

The Daewoo was forced to sell off its automotive arm, Daewoo Motor, to General Motors in 2001. Since then, General Motors has been moving to rebadge Daewoo cars as models for many brands, including Chevrolet, Buick, Pontiac, Holden, and Suzuki. The GM Daewoo nameplate was kept only for South Korea and Vietnam until 2011. Daewoo Commercial Vehicles Division was sold to Tata Motors of India. - Car Review