An article in the Daily Kanban suggests, the sun is setting on GM Korea, and it could already be well into dusk. GM's move into China, the Chevrolet exit from Europe and years of labor strife are driving the division over the edge.
Suzuki is recalling yet another Daewoo-built model due to possible problems with the daytime running light module in the instrument panel. This time it covers about 25,899 units of the Suzuki Verona from the 2004 through 2006 model years that need fixing. Like the repair campaign of the Chris Bruce
Suzuki is recalling 184,244 total units of the 2004-2008 Forenza (pictured above) and 2005-2008 Reno manufactured under contract by Daewoo, now General Motors Korea, betwee
For many, the Little Tikes Cozy Coupe provided our first taste of the open road at a young age. It's been around for 30 years, with the Hudson, Ohio manufacturer even going so far as to declare it America's best-selling car. John Bitmead of Oxfordshire, England evidently wanted to relive his childhood a bit, so he created this excellent life-size, street-legal interpretation of the Cozy Coupe.
If you are a big fan of automotive oddities, this may come as a little treat. If you are a Shelby or Mustang diehard, prepare to have your sensibilities violated.
Daewoo has launched an eAssist version of the company's Alpheon model (LaCrosse here in the States) in Korea. The hybrid manages to deliver 25 percent better fuel economy than the standard gasoline model while reducing emissions by 22 percent. That's thanks to a small electric motor and lithium-ion battery battery pack that work in conjunction with a 2.4-liter direct-injection gasoline engine.
2011 Daewoo Alpheon – Click above for high-res image gallery
Chevrolet Camaro goes to South Korea – Click above for high-res image
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%.
In 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 suicid
According to Reuters, Chevrolet's Aveo replacement has been postponed until January 2011 due to the well-publicized financial troubles at General Motors and its Korean subsidiary, Daewoo. Previously, the Aveo's replacement, codenamed T300, had been expected to bow in April of 2010.