Daewon't . . .

[Hudson]

Originally posted by Chris
GM now owns 2/3 of the company, the creditors own the rest.

I hate to correct you...

Daewoo Motors is owned by the Daewoo Group, at this point. General Motors is still in negotiations and contracts have not been signed yet. That is expected to happen in September (or sometime this fall).

When the agreement goes through, GM Daewoo Auto and Technology Company will be formed to control the part currently being sold. General Motors will own 42.1% of the new company and Suzuki will take over 14.9%. Between the two of them, they will hold roughly 2/3 and creditors will own the rest.

Only three assembly plants and distribution systems in a handful of countries (as was mentioned above, Daewoo America isn't part of the deal) are included.

What do you folks think of the concept being floated that Suzuki would sell Daewoo products instead of a GM brand? Since Suzuki has no bigger car than the Aerio and no larger truck than the XL7, the addition of the Nubira and Leganza/Magnus could be an asset to Suzuki's worldwide distribution network. It would be especially helpful in the US where the Aerio is a bit on the small side of the market.

[Chris]

I took my info from a car magazine, (R&T, C&D, MT). And GM is pretty closely tied to Suzuki. I could see Suzuki benefiting from nothing, really. I liked teh Lanos, and the Nubira was OK. The Leganza didn't cut it, IMO. And the Korando isn't that large, either. So Suzuki wouldn't really get anything special, IMO, just a few more models like they already have.

[Euro19]

I really don´t see Daewoos with the Suzuki badge. Suzuki has another kind of design, more functional, and Daewoo is more styled, it just isn´t right...

[Lanos owner]

Bankruptcy processes take a lot of time and pehaps that's why this contract signing is taking so much time.
GM wouldn't buy an assembly plant unless it plans on using them.

GM would make money just selling parts over here. They aren't in this to lose money.

[Hudson]

GM's in the Daewoo deal to enter the very closed Korean market and to have a low-cost manufacturing arrangement for use, mainly, in Asia. The deal has not been signed yet and the latest troubles with Daewoo and its suppliers can only harm the deal.

Suzuki could gain from the larger products that Daewoo has. The six-cylinder Leganza/Magnus will solve the main problems with that car, it's lack of power.

As for the Korrado, I don't believe it's part of the deal. The Korrado (and the Musso) are Ssangyong products. Daewoo made an attempt to take over Ssangyong a few years ago, but Ssangyong is now independent.

[brazen0007]

In Memphis ,TN GM is not honoring any warranties on Daewoos. In fact there are over 2000 cars in shops right now that can't be fixed because you can't get the parts. A 2000 Lanos, that was bought for around $12,000 after financing, is now only worth $2000. Anyone else out there having these sort of problems?

[Espero_69]

Boys boys boys.

I purchased a 1997 Daewoo Espero Cd in well 1997 brand new of course from my local Daewoo Dealer.
I have never had one fault with my car and, living in Australia with harsh conditions all cars are put to the test. About three years ago one of my friends bought a 1997 Toyota Camry four cylinder which had done less than 60.000 kms [ about the same as my Espero ] it broke down several times over a number of months, in the end he ended up selling it and buying a Daewoo Leganza with which he has no trouble.
I know, and know of plenty of Daewoo owners who are happy with their cars.

Everybody is enitilted to their own opinion, wether it be Daewoos are good, or like some people on this site think they arepiles of Rust that are worthless and cheap quality.
When South Korean cars first came to our shores, they were cheap and low quality designed as run about cars that would last about 100,000 Kms. That is completely true, all the South Korean Manufacturers were piles of Rust. Now, we must give them credit because they produce much better cars, that i believe equal the quality of the Japanese
[ except some bottom range South Koreans which are still made of Polystyrene ] The problem is the world still believes that Hyundai, Kia and Daewoo all make really crap cars at a really affordable price and the truth Ladies and Gentlemen is that Daewoo, Hyundai and Kia now make Good quality, safe, comfortable, stylish and affordable cars.
So each is entitled to their own opinion but my mind is made up, Daewoo make good cars.