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Daewoo Motors
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{{Short description|Defunct South Korean automotive company}} {{About|the history of the automotive division of Daewoo|its successor|GM Korea}} {{Infobox company | name = Daewoo Motors | image_caption = 2013 Daewoo Matiz Creative | former_name = {{plainlist| * National Motors (1937β1962) * Saenara Motors (1962β1966) * [[Shinjin Motors]] (1966β1972) * GM Korea (1972β1976) {{refn|It was a joint venture established by local Shinjin Motors and General Motors, not related to the [[GM Korea]] established in 2002 after the Daewoo's bankruptcy.<ref name=snu>[https://s-space.snu.ac.kr/handle/10371/54525 Broken Strategic Alliance: A Case of Daewoo-GM Joint Venture] at the SNU Open Repository</ref>|group=n|name=notgmk}} * [[Saehan Motors]] (1976β1982) * Daewoo Motor (1982β2002) }} | logo = Daewoo logo.png | logo_size = 180 | logo_caption = Daewoo logo (2002β2016) | image = Matiz Creative.jpg | type = [[privately held company|Private]] (1935β1965) <br>[[Subsidiary]] (1978β1999) | fate = Bankrupt, acquired by [[General Motors]] in 2002, restarted as [[GM Korea|GM Daewoo]] | foundation = 1937 | founder = | defunct = {{end date and age|2002}} <ref name=nyt/> | location_city = [[Bupyeong District|Bupyeong]] | location_country = [[South Korea]] | predecessor = | successor = {{Plain list| * [[Tata Daewoo|Daewoo Commercial Vehicle]] * [[GM Korea]] }} | key_people = | num_employees = | industry = [[automotive industry|Automotive]] | products = [[car|Automobile]]s | owner = | parent = {{Plain list| * Shinjin (1965β1976) * [[Daewoo]] (1982β2002) }} | revenue = | subsid = [[SsangYong Motor|SsangYong]] (1998β2000) | brands = | homepage = }} '''Daewoo Motors''' ({{IPAc-en|Λ|d|ei|w|uΛ}} {{respell|DAY|woo}}) was a South Korean [[Automotive industry|automotive]] company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the [[Daewoo|Daewoo Group]]. After running into financial difficulties,<ref name=guard>[https://www.theguardian.com/business/2000/nov/09/2 Daewoo Motor plunges into bankruptcy] on ''The Guardian'', 8 Nov 2000</ref> it sold most of its assets in 2002 to [[General Motors]] at $1.2 billion, becoming a [[subsidiary]] of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed [[GM Korea]] and the Daewoo brand replaced by the [[Chevrolet]] marque.<ref name=nyt>[https://www.nytimes.com/2006/05/23/business/worldbusiness/23iht-daewoo.html In Daewoo, GM finds gold in overall gloom] on ''The New York Times'' By Choe Sang-Hun β May 23, 2006</ref><ref name=kh>[https://www.koreaherald.com/view.php?ud=20110120000754 Daewoo cars history as GM Korea switches to Chevrolet] on ''The Korea Herald'', 20 Jan 2011</ref>
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