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Daewoo Motors
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===Sale of Daewoo to General Motors=== By 1999, the whole [[Daewoo|Daewoo Group]] ran into financial trouble, and was forced to sell its automotive division. Candidates for the operation included [[Hyundai Motor Group|Hyundai]] associated with [[DaimlerChrysler]], [[Ford Motor Company]] and the [[General Motors|GM]]-[[Fiat]] alliance. Finally, [[General Motors]] was the one who acquired Daewoo Motor's assets at $1.2 billion in 2002.<ref name=nyt/> In 2002, [[Tata Daewoo|Daewoo Commercial Vehicle Company]] was spun off from parent Daewoo Motor Co. Ltd. In 2004, it was acquired by [[Tata Motors]], India's largest passenger automobile and commercial vehicle manufacturing company.
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