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Mar 6, 2024 · The car division was sold to General Motors to be reorganized as GM Daewoo and later GM Korea. Daewoo sales never took off in the States, and their American experiment came to an end in 2002.
- Aaron Gold
- 2 min
- Chevrolet
Oct 25, 2022 · In 1976 Shinjin’s ownership in the business was sold to a state-owned Korean bank, and General Motors Korea was renamed to Saehan Motor Company. But that didn’t mean GM was out of the picture - far from it.
In 1992, the joint-venture with General Motors ended, leaving Daewoo Motor as an independent company. In 1994, Daewoo started importing the second-generation Honda Legend to replace the discontinued flagship Imperial, under the name of Arcadia.
- Journalist
- Holden (axed 2020) Stock is almost out and dealer signage is coming down, marking the end of Holden in Australia and making it the latest victim of GM’s retreat from unprofitable markets.
- Opel/Vauxhall (sold 2017) GM bought England’s Vauxhall in 1925, and Germany’s Opel in 1929. Until the 1970s, the two automakers operated largely independently.
- Alpheon (axed 2015) While many a tear has been shed — not to mention deluge of words written — over the demise of many of the marques in this article, we’re not sure if there’s a been sob or even a short eulogy written for Alpheon.
- Daewoo (axed 2011) GM’s involvement in the South Korean automotive industry began in 1972 when it began a joint venture with Shinjin Motor, which had previously worked with Toyota.
May 23, 2006 · When General Motors bought Daewoo Motor in April 2002 at a bargain price of $1.2 billion, officials announced the deal at a hastily organized news conference in a bank office.
Sep 12, 2022 · It was a firm that had plenty of money, lots of cars, and could ensure the continued success of Shinjin. Say hello to General Motors. The deal was completed in 1972. Toyota sold its Shinjin ownership to GM, which became a 50-50 partner with the Korean firm.
Jan 21, 2011 · GM Daewoo played a significant role in the design, engineering and manufacturing of the Cruze, Spark and Aveo. The Daewoo name (Korean for ‘Great Universe’) was first used by Daewoo Group in 1967.
