Daewoo Motors

Daewoo Motors (/ˈdeɪwuː/ DAY-woo) was a South Korean automotive company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group. After running into financial difficulties, it sold most of its assets in 2002 to General Motors at $1.2 billion, becoming a subsidiary of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed GM Korea and the Daewoo brand replaced by the Chevrolet marque.

This article is about the history of the automotive division of Daewoo. For its successor, see GM Korea.
Daewoo Motors
Formerly
  • National Motors (1937–1962)
  • Saenara Motors (1962–1966)
  • Shinjin Motors (1966–1972)
  • GM Korea (1972–1976)
  • Saehan Motors (1976–1982)
  • Daewoo Motor (1982–2002)
Company typePrivate (1935–65)
Subsidiary (1978–1999)
IndustryAutomotive
Founded1937
Defunct2002 (2002)
FateBankrupt, acquired by General Motors in 2002, restarted as GM Daewoo
SuccessorDaewoo Commercial Vehicle
GM Korea
Headquarters
Bupyeong
,
South Korea
ProductsAutomobiles
Parent
  • Shinjin (1965-1976)
  • Daewoo (1982–2002)
SubsidiariesSsangYong (1998–2000)
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