Daewoo (South Korea) - AllCarIndex

Daewoo was a South Korean automotive manufacturer that operated from 1937 until its dissolution in 2002. The company was originally established as a trading company and later expanded into various industries, including automotive production. Daewoo's automotive division began in the late 1960s, with the introduction of its first vehicle, the Daewoo 4/4, in 1970. The company aimed to produce affordable vehicles for the domestic market and gradually expanded its operations internationally.

Throughout the 1990s, Daewoo gained recognition for its innovative designs and competitive pricing. The company produced a range of models, including compact cars, sedans, and SUVs. Notable models included the Daewoo Matiz, a small city car that became popular in several markets, and the Daewoo Nubira, a mid-size sedan that was well-received for its value and features. Daewoo also established partnerships with other automotive manufacturers, which helped to enhance its technological capabilities and expand its product lineup.

However, Daewoo faced significant financial difficulties in the late 1990s, exacerbated by the Asian financial crisis. In 2000, the company filed for bankruptcy, leading to its acquisition by General Motors in 2001. Following the acquisition, the Daewoo brand was gradually phased out, and its models were rebranded under the Chevrolet nameplate in various markets. The legacy of Daewoo's automotive production continues to influence the South Korean automotive industry, as many of its innovations and designs were integrated into subsequent models produced by General Motors.