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Aim Higher: GM Daewoo reportedly suing TagAZ over fears they are planning to copy the Lacetti
Wed, 23 Sep 2009In what looks like a serious-but-probably-the-norm case of industrial espionage, General Motors' South Korean Daewoo division is reportedly alleging that the Russian automaker TagAZ has tried to copy its Lacetti sedan. Backing up those allegations are the arrests of two TagAZ engineers - former Daewoo employees who are said to have taken computer files from one company to the other. A third former Daewoo employee, an executive, left notes proclaiming his innocence and then committed suicide.
The two engineers reportedly copied at least 6,000 documents outlining designs and key technologies used in the Lacetti. That information, according to Daewoo, was used by TagAZ in the creation of a car it launched this past summer in Russia. South Korean prosecutors are still investigating the case, after which Daewoo will decide if it wants to pursue the matter for criminal damages. TagAZ hasn't said anything in response to the allegations. If nothing else, this could be good practice for GM - it will now know what to do if it happens at Opel...
[Source: Drive.com.au]
You can buy the grown-up, road-legal Little Tikes car
Wed, Oct 21 2015The 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
Officially Official: Chevrolet replaces Daewoo name in Korea
Thu, 20 Jan 2011
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.