Daewoo Motors was a South Korean automotive company established in 1937 as "National Motors".
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18 Facts About Daewoo Motors
2.
Daewoo Motors changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group.
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4.
The Royale Series models were kept, Daewoo Motors adding the Royale XQ and Royale Duke, Royale Prince and Royale Salon Super.
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5.
In 1986, Daewoo Motors offered a badge-engineered version of the Nissan Vanette.
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6.
In 1994, Daewoo Motors started importing the second-generation Honda Legend to replace the discontinued flagship Imperial, under the name of Arcadia.
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7.
In 1999, Daewoo Motors presented the Magnus, which was a development of the existing Leganza.
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8.
In 1998, after the Asian financial crisis, Daewoo Motors Motor took over the troubled four-wheel-drive specialist SsangYong Motor, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles.
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9.
Daewoo Motors owned a share of AvtoZAZ, an automobile manufacturer based in Ukraine, from 1998 to 2003, establishing the AvtoZAZ-Daewoo Motors joint venture.
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10.
The CKD assembly of the Daewoo Motors Lanos started in 2002 in Ukraine and later it was adopted for full-scale production as the ZAZ Lanos.
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11.
In 1994, Daewoo Motors acquired the Automobile Craiova company in Craiova, Romania, which was producing a derivate of the Citroen Axel model, the Oltcit Club.
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13.
Daewoo Motors invested into Poland's Fabryka Samochodow Osobowych in 1995, forming a joint venture called Daewoo Motors-FSO, for the assembly of the Matiz city car, a successor of the Tico, that was very popular in the Eastern European market.
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14.
In Europe, Daewoo Motors Motor started selling the Espero and the Cielo from the beginning of 1995, and achieved reasonable sales success, particularly with British buyers, where Daewoo Motors proved popular largely due to its competitive prices and revolutionary dealership network, where cars were sold at fixed prices with a revolutionary aftersales service which included free servicing for three years.
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15.
European Daewoo Motors range was updated in 1997 with the launch of the Lanos, Nubira and Leganza from 1997.
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16.
Daewoo Motors cars were available in the United States and Canada between 1997 and 2002, Australia and many other countries, until Daewoo Motors's bankruptcy.
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17.
Some former Daewoo Motors models changed their names after the re-branding decision.
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