2000 Daewoo Leganza on 2040-cars

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REPORT: GM ups its ante in GM Daewoo

GM Daewoo has four shareholders: GM, Korea Development Bank, Suzuki Motor Corporation, and Shanghai Automotive Industry Corporation. When GM Daewoo put out a rights issue, only one of the four took the bite: GM, which made it rain to the tune of $412 million and raised its stake from 50.9% to 70.1%.
Neither GM's move nor the non-interest of at least two other parties is surprising. SAIC is still gun shy about certain investments after the Ssangyong debacle, while Suzuki is more concerned with being courted by VW and the Kizashi's fate in the U.S. right now. It is GM that has every reason to strengthen its ties in Asia; after all, The General sold more cars in China last month than it did at home -- and with GM Daewoo.
Daewoo engineers small cars for GM, like Chevrolet's crucial acid test known as the Cruze, and last year, all told, GM Daewoo sold 1.9 million units. The financial infusion will be used for debts and to help the company's liquidity position.

Junkyard Gem: 2001 Daewoo Nubira CDX Sedan

From 1988 to 1993, North American car shoppers were able to buy a new Daewoo from Pontiac dealers: the LeMans, a South Korean-built version of the Opel Kadett E. It wasn't until the 1999 model year, however, that Daewoo-badged cars became available in the United States, with the debut of the Lanos, Leganza, and Nubira. The descendant of the Lanos lives on here (as the Chevrolet Sonic), but the Daewoo name departed these shores in 2002. You won't see many Daewoos on American roads today, but I was able to photograph this very rare top-trim-level 2001 Nubira sedan in a Colorado self-service wrecking yard. These cars were a bit cheaper than their Japanese rivals, but most American car buyers didn't feel so confident about an off-brand marque that they— correctly— felt would disappear in a few years. The CDX was the top trim level of the Nubira, and it came standard with such features as cruise control and a CD player. MSRP for the CDX sedan was $14,199, which didn't look like a bad deal next to the $14,995 Chevrolet Cavalier LS or the $16,910 Honda Civic EX. Daewoo found few takers, though. This one got well past 150,000 miles, so it appears to have held together well enough for its 17 years on the road. The melted, dog-hair-covered rubber lizard on the dash must have cut its resale value by at least half, when the Nubira's final owner was contemplating calling the wrecking yard. The engine came right out of the GM Global Parts Bin, a 2.0-liter Opel-designed DOHC four-banger, built in Australia by Holden and rated at 129 entirely adequate horsepower. Much more reliable in the South Korean Mojave than a 1980s Celica! Featured Gallery Junked 2001 Daewoo Nubira CDX View 16 Photos Auto News Daewoo Automotive History Sedan

Vauxhall sans Opel could reallign with GM Daewoo, Holden

Chevrolet Aveo, a.k.a Chevrolet Kalos/Daewoo Gentra/Holden Barina/Pontiac Wave - Click above for a high-res image gallery
Eyebrows raised at reports that General Motors could hold on to its British subsidiary Vauxhall even if - or, more likely, when - its German counterpart Opel would leave the family. With the model ranges of the two European GM divisions intertwined, a Vauxhall without Opel would seem like an empty shell. New reports suggest, however, that instead of re-plastering Opels with the griffin badge, the British marque could instead continue operations under GM ownership by importing products made by GM Daewoo Auto & Technology.