Daewoo Motors

defunct South Korean automotive company
(Redirected from Daewoo)

Daewoo Motor was a South Korean automotive company owned by General Motors. The company started in 1937 as National motors in Bupyeong-gu, Incheon, South Korea.[3] In 1965 it became Shinjin Motor after becoming affiliated with Toyota.[3] In 1972 Toyota withdrew. The same year Shinjin became General Motors Korea, a joint venture with General Motors.[3] The company was renamed Saehan Motors in 1976. In 1982 the company was bought by the Daewoo group. Daewoo was known for its affordable cars many of which were made in partnership with GM until the mid '90s. The Daewoo Group ran into financial trouble in the late 1990s. It was then put up for sale and acquired by General Motors in 2001.[4] It was renamed GM Daewoo, and began to produce GM vehicles again. This included the Chevrolet Aveo which is based on Daewoo's Kalos model.[5] In 2011 GM Daewoo was renamed GM Korea.[6]

Daewoo Motors
Formerly
  • National Motors (1937–1962)
  • Saenara Motors (1962–1966)
  • Shinjin Motors (1966–1972)
  • GM Korea (1972–1976) [n 1]
  • Saehan Motors (1976–1982)
  • Daewoo Motor (1982–2002)
Company typePrivate (1935–65)
Subsidiary (1978–1999)
IndustryAutomotive
Founded1937
Defunct2002; 22 years ago (2002) [2]
FateBankrupt, acquired by General Motors in 2002, restarted as GM Daewoo
SuccessorDaewoo Commercial Vehicle
GM Korea
Headquarters,
ProductsAutomobiles
Parent
  • Shinjin (1965-1976)
  • Daewoo (1982–2002)
SubsidiariesSsangYong (1998–2000)

References change

  1. Broken Strategic Alliance: A Case of Daewoo-GM Joint Venture at the SNU Open Repository
  2. Cite error: The named reference nyt was used but no text was provided for refs named (see the help page).
  3. 3.0 3.1 3.2 "DAEWOO Cars and Brand History". SoftNews NET. Retrieved 20 May 2015.
  4. Tariq Hussain, Diamond Dilemma: Shaping Korea for the 21st Century (Korea: Random House Joongang, 2006), p. 131
  5. "CHEVROLET Aveo / Kalos 5 Doors Models (3)". Autoevolution/SoftNews NET. Retrieved 29 December 2015.
  6. Bryan Laviolette (21 January 2011). "GM Daewoo Changing Name to GM Korea". The Detroit Bureau. Retrieved 29 December 2015.




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