Daewoo

The Daewoo Group gained control of Saehan Motor in 1982, becoming the Daewoo Motor Company. Its cars continued to be manufactured based on GM models until the joint venture ended in 1992. The first authentic Daewoo car was produced in 1996, the Lanos. Further genuine Daewoo models followed such as the Nubira, Leganza and Matiz. In 1998 Daewoo bought SsangYong Motor following the Asian Financial Crisis, but sold it two years later when they ran into financial troubles of their own. In 2001 Daewoo became a subsidiary of General Motors and renamed GM Daewoo. This in turn led to its current name change, GM Korea, in 2011.

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