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Officially Official: Chevrolet replaces Daewoo name in Korea

Chevrolet Camaro in Korea - Click above for high-resolution image

There once was a time when Daewoo was one of the biggest companies in South Korea. It was larger than both LG and Samsung, and second only to Hyundai. But these days the name is all but gone.

You can buy the grown-up, road-legal Little Tikes car

The lifesize, road-legal Little Tikes Cozy Coupe that English mechanic John Bitmead and his brother Geoff built in November 2013 – and the BBC made famous a few months later – is up for sale on eBay UK. They sacrificed a 2000 Daewoo Matiz in order to create it, taking 1,000 hours over sixteen weeks to fabricate a custom red body and yellow roof and then place it atop the Korean minicar's bones. It is registered and ready for action, with lights, airbags, and a top speed of 70 miles per hour. The brothers drove it around England to charity events, which accounts for 5,000 miles of the total 65,000 miles on the odometer. The "classified ad" price on eBay UK is 21,500 pounds ($33,167 US), which is a fortune for a 15-year-old Daewoo but supposedly a bargain for this Cozy Coupe: the brothers said a professionally appraiser valued it at $46,000. Attitude Autos, the shop the brothers run in Bicester, England specializes in classic vehicle restoration and glossy props like Formula One show cars, so they're no strangers to making adult toys. Due to all that "genuine road use" the description says "the car has little marks, cracks and defects but nothing particularly dramatic." This being a sale and not an auction, it looks like it'll be listed until the brothers sell it or take it down. Head over to eBay to take a closer look, or simply watch the BBC news piece above for a big red reminder of childhood. News Source: eBay UK via Mashable Auto News Toys/Games Auctions Daewoo

China's rise, global restructuring wither GM's Korea division

An article in the Daily Kanban suggests the sun is setting on GM Korea, and it could already be well into dusk. GM Korea came about when General Motors, along with co-investors SAIC and Suzuki, bought Daewoo Motors from parent company Daewoo Group in 2001; it had a previous tie-up with GM, a joint venture that ended in 1992, although Daewoo cars were based on GM cars until 1996. Over the decade following the purchase, it became such an important part of operations that it was renamed GM Korea in 2011, "to reflect its heightened status in [the] global operations of GM." Just two years later, the printed rumors were that the subsidiary responsible for a fifth of Chevrolet's global production could be shutting down. The division's sales were down almost 21 percent through November of last year, counting domestic South Korean sales, exports, and CKD – Complete Knock Down – products. That makes the labor strife, already an issue for four years, even more acute, reports say the subsidiary will lose $36 million a year if it can't get the job and wage cuts it wants, and government concessions can't make up for the losses. And it gets worse, so head over to Daily Kanban to read the rest of the story.