From Simple English Wikipedia, the free encyclopedia
This article is about the history of the automotive division of Daewoo. For its successor, see
GM Korea
.
Daewoo Motor
was a
South Korean
automotive
company
owned by
General Motors
. The company started in 1937 as National motors in
Bupyeong-gu
,
Incheon
, South Korea.
[3]
In 1965 it became Shinjin Motor after becoming
affiliated
with
Toyota
.
[3]
In 1972 Toyota withdrew. The same year Shinjin became General Motors Korea, a joint venture with General Motors.
[3]
The company was renamed Saehan Motors in 1976. In 1982 the company was bought by the Daewoo group. Daewoo was known for its
affordable
cars many of which were made in
partnership
with GM until the mid '90s. The Daewoo Group ran into
financial
trouble in the late 1990s. It was then put up for sale and acquired by General Motors in 2001.
[4]
It was renamed GM Daewoo, and began to produce GM vehicles again. This included the
Chevrolet Aveo
which is based on Daewoo's Kalos model.
[5]
In 2011 GM Daewoo was renamed GM Korea.
[6]
1967
-
2016
- ↑
It was a joint venture established by local Shinjin Motors and General Motors, not related to the
GM Korea
established in 2002 after the Daewoo's bankruptcy.
[1]
Media related to
Daewoo Motors
at Wikimedia Commons