Daewoo's Name.

I don't know much about this car, as it has just been introduced in the US. Does it have a history. I have always wondered about the Daewoo. They look pretty cool. :D

Å£

----------
The Artist formally known as Ahkmid Lickachicken.
http://psxi.tripod.com

In the 80's, Daewoo made the small Pontiac LeMans sedan sold in north america. It was based on an old Opel (GM) design. More recently they have been out on their own and doing well in the market. However, the company is bankrupt, and has stopped production because suppliers will not deliver parts they may not get paid for. Until we see whether this company survives, it may be a risk buying one, as service, and the long warranty could just end.

Although currently bankrupt, they will probably be picked up by Ford or GM.

----------
"Ferrari isn't a car, it's a lifestyle"
-Enzo Ferrari.

the name daewoo is korean, but most of the desgins or supposed to be german n italian becuz daewoo corportaions has their Research n Development plants all over europe, especially those two for their cars... the production is said to restart sumtime this month because of new loans the company has gotten to refinance their debts..... and mainly it wasn't the motors division that went bankrupt but the other subsidiaries of Daewoo.... they might be spun off and sold.... jus as HYundai motors was spun off and made independant of the conglomerate

Ford cut off talks and GM will too, as with general auto sales downturn, nobody needs this company. Jan 3 company announced expected sales decline for 2001 at about 35%. This company is not long for this world. I'll bet some dealers start closing soon.

I hear that they aren't too safe either.

Actually Daewoo isn´t on bankrupt any more, it was announced that they´ve got numbers in blue allready, thanks to the Korean government support and well, now, that GM bought part of it, I just hope Daewoo doesn´t get infected by the GM ugly virus!!:bloated: it would be terrible, ex. imagine the next leganza with an MonteImpala fron/end... piuu!! jijojj

Actually, Daewoo IS still bankrupt. GM is working on signing a deal to buy a major share of the company, but nothing has been signed yet and it will still be in bad shape even after the deal goes through (assuming it will).

Originally posted by Steveo
I don't know much about this car, as it has just been introduced in the US. Does it have a history. I have always wondered about the Daewoo. They look pretty cool. :D

Å£

----------
The Artist formally known as Ahkmid Lickachicken.
http://psxi.tripod.com

Here are some quick facts about history and future of Daewoo

Daewoo’s next generation small car the Kalos 5-door hatchback, unveiled at the recent Sydney International Motor Show in Sydney, will redefine small car design when it comes to market next year. Kalos is a fusion of MPV and small car design with cutting edge styling that blends modernity with elegance.

An NRMA survey has revealed the cheapest cars to own and run in Australia wit Daewoo taking the honours for lowest costs in three out of the four categories. The NRMA analysis looked at comparable cars in four different categories including Light Car, Small Car up to 1.5 litres, Small Car up to 2 litres and Medium Car

Daewoo's Lanos and Leganza ranked second and third respectively in their segment, the best result ever obtained by a Korean car in the harsh U.S. market. Furthermore the two Daewoo models have obtained the highest marks in the evaluation of their engine and transmission.

Daewoo’s three new models on display at Sydney Motor Show have been a real hit with visitors to the Daewoo stand

The authoritative UK Magazine Auto Express has placed the Daewoo Tacuma first in its Good Car Guide people carrier survey. The result comes against some serious competition with other contenders including Kia Carens, Ford Galaxy, Chrysler PT Cruiser and Citroen Xsar Picasso.

Daewoo has been recognized among the cars preferred by the media visiting the North American International Auto Show held in Detroit last month. On a recent report by the authoritative source of automotive information, Polk Auto Trends, Daewoo’s Leganza and Lanos both rank at fifth place for the Mid-size and Small Car categories respectively.

According to the authoritative NRMA study on Vehicle Operating Costs released in June 2000, the Daewoo Nubira offers the best value for money in operating costs in the Small Car class.

Daewoo Matiz Goes for Another World Record
After achieving their first Guinness World Record by driving a Musso from Melbourne to Brisbane in March 1999 on just one tank of fuel, Daewoo is at it again. This time it's an even greater challenge: drive a stock standard Matiz from Melbourne to Darwin on less that $100 of fuel

Leganza Ranked in Top 3 Most Appealing by J.D. Power & Associates
For car manufacturers the results of studies by J.D. Power & Associates are considered as the Oscar Nominations of the automotive business. This is why Daewoo is proud to announce that the Leganza featured as third ranked in the Entry Midsize segment of the recent 1999 Automotive Performance, Execution and Layout study (APEAL) just completed by J.D. Power & Associates.

Daewoo has Lowest Accident Repair Costs for Small Cars
A document just released by the NRMA reveals that the Daewoo Lanos 1.5L 3D Manual Hatch is the cheapest small car to repair in the case of a typical urban accident.

Daewoo Matiz an Overseas Sensation!
The Daewoo Matiz has been earning a good reputation in Italy, the home of the mini car. Following the sales launch of Matiz on July 1, 1998, five-thousand vehicles have been delivered to customers, however another 14,000 customers are anxiously awaiting delivery

Dutch journalists have voted the Nubira Wagon 'Family Car of the Year for 1998.' Two leading Dutch consumer magazines, 'Ouders van Nu' (Parents of Today), with a circulation of 130,000 and 'Kinderen' (Children) with a circulation of 126,000 organised the 'Family Car of the Year' award for the first time in cooperation with the 'Automotive', an automotive industry magazine

Daewoo's Nubira Euro Wagon is proving a hit with consumers who voted overwhelmingly with their pockets to purchase one in the month of June. The stylish Nubira Euro Wagon found 314 new homes in June compared to Lantra Wagon sales of 273, Lancer Wagon sales of 197 and the Baleno Wagon with 13 sales. The Nubira Euro Wagon comes in two specification levels SX or CDX

For the second consecutive month in the Korean domestic market, Daewoo has created history by taking the number one sales mantle away from Hyundai. In June Daewoo once again decisively beat Hyundai in passenger car sales recording 19,696 units to Hyundai's 13,612 vehicle sales.

Daewoo Acquires Iso 14001 Certification Daewoo's commercial vehicle plant in Kunsan, Korea was Iso 14001 was certified by SGS-ICS of Switzerland on November 18. This is the first instance of ISO 14001 certification for a Korean commercial vehicle plant.

I hope this clears up things for ya, since this doc. is from May 2001 all the agreements have been done.

General Motors Takeover of Daewoo Motor Reported as Imminent

11 May 2001

The Board of General Motors has approved the takeover of Daewoo Motor, according to news agency and Korean media reports. General Motors is expected to make a formal proposal as early as next week and a formal agreement could be reached as early as mid June.

As recently announced to a group of Australian journalists by J.D. Lee, Chairman of Daewoo Motor, the company has recently prepared the groundwork for a return to operating profit for the current calendar year. Indeed the recent announcement of its first operating profits in April after nearly three years has been cited as a major factor for the improvement in the company's prospects.

Despite the weakness of the local currency, Daewoo Automotive Australia remains one of the most successful overseas affiliates and no change is expected to Daewoo's operations in Australia at this stage

All agreements have NOT been done. GM has yet to sign the papers taking over Daewoo. The actual agreement, if it ever gets signed, would put Daewoo under the control of a new company, co-owned by GM, Daewoo's creditors, and another company (either Fiat, Subaru, Suzuki, or Isuzu). Nobody is making this entire process easy, though. The unions controlling the Korean plants continue to ask for concessions including the re-hiring of laid-off workers. GM has also stated that the deal only includes two of Daewoo's Korean plants (the largest plant in Pupyong isn't included) and two of Daewoo's non-Korean plants (Vietnam and Egypt, which eliminates their plants in Poland and Uzbekistan, among other places).

it means "road to heaven"

enjoy the accent

Not to worry about that it is really a fantastic car ,it has recently launched in US but it has good features and speed is also very nice for the car .