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Topic: GM Daewoo Motors


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In the News (Sun 3 Jun 12)

  
  GM Daewoo - Wikipedia, the free encyclopedia
GM Daewoo Auto and Technology (GM Daewoo or GMDAT) was first established as National Motor in 1937 in Bupyeong-gu, Incheon, South Korea.
Daewoos were first sold in the United States and around the world as the Pontiac LeMans, a model based on the Opel Kadett E. The Saehan Bird, based on the General Motors T-car platform, was exported to Malaysia as the Opel Gemini; this was also known in South Korea as the Daewoo Maepsy.
Daewoo also invested into Poland's FSO car factory in 1995, forming a joint venture for assembly of the Matiz microcar, a successor to the Tico that was very popular in the Eastern European market.
en.wikipedia.org /wiki/GM_Daewoo_Motors   (1595 words)

  
 GM Daewoo - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-11-06)
GM Daewoo Auto and Technology (GM Daewoo or GMDAT) was first established as National Motor in 1937 in Bupyeong-ku, Incheon, South Korea.
Following the GM buyout in 2002, GM Daewoo lost interest in its overseas assets; the deals on supplies of pre-assembled CKD kits should end in 2005 and the facilities are likely to rely on its own production capabilites since that point.
In Canada and India, the Daewoo Lacetti is sold as the Chevrolet Optra (hatchback being Optra5), and in China, it is the Buick Excelle (the hatchback being the Excelle HRV).
www.peekskill.us /project/wikipedia/index.php/GM_Daewoo   (1317 words)

  
 GM DAEWOO FACTS AND INFORMATION   (Site not responding. Last check: 2007-11-06)
GM Daewoo Auto & Technology (GM Daewoo or GMDAT) was first established as ''National Motor'' in 1937 in Bupyeong-gu, Incheon, South_Korea.
Daewoos were first sold in the United States and around the world as the Pontiac_LeMans, a model based on the Opel_Kadett E. The Saehan Bird, based on the General_Motors_T-car platform, was exported to Malaysia as the ''Opel Gemini''; this was also known in South Korea as the Daewoo Maepsy.
Daewoo also invested into Poland's FSO_car_factory in 1995, forming a joint venture for assembly of the Matiz microcar, a successor to the Tico that was very popular in the Eastern_European market.
www.brolgas.com /GM_Daewoo   (1512 words)

  
 GM Daewoo Motors   (Site not responding. Last check: 2007-11-06)
GM Daewoo Motors was first established as National Motor in 1937 in Bupyeong, South Korea.
Daewoo set up a joint venture (August 1992) and a factory in Asaka city, Andizhan province, in Uzbekistan, leveraging the presence of a large local ethnic Korean minority.
Daewoo invested into Poland's FSO in 1995, forming a joint venture which later produced the Matiz which became popular in the European market.
www.sciencedaily.com /encyclopedia/gm_daewoo_motors   (425 words)

  
 BBC News | BUSINESS | GM clinches Daewoo Motors deal
GM Korea spokesman Kay Lee declined to give details of the purchase terms ahead of the signing ceremony, scheduled for 0130 GMT on Friday.
GM will pay $400m (£272m) in cash and take a 67% stake in a joint venture capitalised at $1.8bn, with the remaining 33% being held by the Korean car firm's creditors, according to a report quoting finance ministry officials in the Chosun Ilbo daily newspaper.
The Korean government and Daewoo's creditors are keen for Pupyong to be included in the sale because it is Daewoo Motor's biggest plant, employing about 7,000 workers and responsible for about 15% of Inchon's economy.
news.bbc.co.uk /low/english/business/newsid_1554000/1554345.stm   (582 words)

  
 BW Online | February 18, 2002 | Daewoo: Stuck in Neutral
GM would buy the best parts of Daewoo, and, in so doing, salvage what was left of the Korean auto maker--giving a boost to government efforts to force the sale of other distressed companies.
GM, Daewoo, its hard-pressed creditors, and the Seoul government all expressed confidence that the transaction would be concluded by the end of last year.
GM is having none of it and insists that the current collective bargaining agreement be rewritten to reflect its position.
www.businessweek.com /magazine/content/02_07/b3770085.htm   (1289 words)

  
 GM is to drop Daewoo brand in Europe - 4Car News from Channel 4
Contrary to earlier denials, General Motors is to drop its Daewoo brand in Europe, according to Reuters.
A number of Daewoo vehicles are already branded as Chevrolets; the Kalos is known as the Chevvy Aveo in the US and South Africa (and Suzuki Swift+ in Canada), and the Lacetti and Nubira are sold as Chevrolets in China, South Africa and India and as the Suzuki Forenza in the States.
GM is said to be planning to "build Chevrolet into a worldwide brand", and other vehicles from within the 'family' will also join the Chevrolet line-up, such as the Opel/Vauxhall Meriva and the Russian-built Niva 4x4.
www.channel4.com /4car/news/news-story.jsp?news_id=10939   (188 words)

  
 AutoAsia   (Site not responding. Last check: 2007-11-06)
General Motors, which expects to submit its proposal for a take-over of Daewoo Motor later this month, used a press conference on the eve of the Korea Import Motor Show to call the insolvent Korean automaker a central plank in its Asian plans.
There has been speculation that GM may link up with one of the other four bidders, with Hyundai and Fiat being put in the frame, but the bid will be a solo effort despite a recent tie-up with the Italian group, according to Perriton.
GM, he said, is "preparing for an independent bid for Daewoo Motor, even though we are continuously seeking alliance partners," said Alan Perriton, president of GM Korea and the executive in charge of Asia-Pacific alliances and partnerships.
www.auto-asia.com /viewcontent.asp?pk=105   (352 words)

  
 Indiainfo:Finance -> News -> GM buys Daewoo Motors for $ 400 mn   (Site not responding. Last check: 2007-11-06)
South Korean creditor said that the deal was worth $ 2 billion but GM and its partners will only make a $ 400-million payment to get a 67 per cent stake in a new firm to run DMC.
The GM statement said that the new firm will run only two of the three factories in South Korea and only operations in Vietnam and Egypt of the 12 overseas production facilities.
The memorandum was signed by GM and creditors, led by Korea Development Bank at a special ceremony in Seoul on September 21 morning Rudi Schlais, GM's head of Asia- Pacific operations, said.
finance.indiainfo.com /news/2001/archives/sep/21/21gmdaewoo.html   (277 words)

  
 Daewoo   (Site not responding. Last check: 2007-11-06)
The 37 employees of GM Daewoo Australia, a wholly owned subsidiary of Holden, and the 110 GM Daewoo Australia dealers were notified earlier today.
Mr McKenzie said Holden would put arrangements in place to ensure GM Daewoo owners would continue to receive warranty, service and support from participating Holden dealerships and spare parts outlets after GMDA dealers were wound down by December 31.
You may be aware that Holden recently announced it would wind down the GM Daewoo distributor operations in Australia by 31 December 2004.
www.daewoo.com.au   (921 words)

  
 South Korean Domestic Auto Sales Shrink Again
Kia Motors posted a 7.3-percent fall in sales to 89,484 units on-month, including 20,864 units for the domestic and 68,620 units for abroad markets, both decreasing by 6.5 percent and 7.5 percent.
GM Daewoo sold 8,663 units in the nation and 59,674 units abroad for total sales of 68,337 units last month, up 73 percent over a year ago, due to strong exports with a 114.7-percent gain on-year.
GM Daewoo¡¯s combined May sales, however, decreased by 11.3 percent over April as exports and domestic sales decreased by 11.8 percent and 7.8 percent on-month.
www.theautochannel.com /news/2004/06/02/198094.html   (468 words)

  
 GM Family 1 engine - Wikipedia, the free encyclopedia
The Family 1 is a straight-4 piston engine that was developed by Opel Powertrain, a subsidary of Adam Opel A.G. to replace low-displacement versions of GM Family II engine for use on subcompact cars from Opel/Vauxhall.
An older variant if Family 1 SOHC engine licensed by Daewoo Motors for their range of Opel-derived cars such as Daewoo Espero and Daewoo Nexia.
GM do Brazil specializes on SOHC, alcohol-powered and FlexPower (alcohol+petrol powered) engines.
en.wikipedia.org /wiki/GM_E-TEC_II_engine   (460 words)

  
 GM enters Kia Motors race, says Daewoo
"GM told us that it submitted the letter by fax," said spokesman Lee Chang-won at Daewoo Motor, which submitted a separate letter of intent to participate in the bidding for Kia Motors and its sister Asia Motors Corp.
GM faces at least four competitors, among them Ford Motor and three Korean suitors -- Hyundai Motor, Daewoo Motor and Samsung Motors Inc -- who have formally submitted letters of intent to acquire both firms.
GM is negotiating a strategic alliance with Daewoo, the spokesman said.
www.expressindia.com /fe/daily/19980726/20755384.html   (699 words)

  
 Motoring - GM Daewoo - finally
The Daewoo Motor creditors have finally announced that a deal has been done for General Motors to take over most of the assets of the Korean car company.
General Motors and the Korean Development Bank, on behalf of the Daewoo Motor creditors, have finally announced that a deal has been done for GM to take over most of the assets of the Korean car company.
GM will pay $1.2-billion and absorb $800-million of Daewoo debts, but it's not an all-cash arrangement.
www.news24.com /Wheels24/News/0,,1369-1372_1232111,00.html   (275 words)

  
 CommentWire by Datamonitor - GM Daewoo: competing for Ssangyong   (Site not responding. Last check: 2007-11-06)
GM Daewoo has submitted a letter of intent to bid for South Korea's Ssangyong Motor Company.
The stake, worth $625 million, could be attractive for GM Daewoo, which last October announced a plan to broaden its portfolio in the large vehicle segment where it currently has no presence.
The South Korean venture shows hopeful signs as GM Daewoo's exports are expected to almost double in 2003 to 250,000 units and reach 300,000 in 2004.
www.commentwire.com /commwire_story.asp?commentwire_ID=5120   (425 words)

  
 GM calls Daewoo its key to plans for Asia markets - 05/02/00
   GM for now is "preparing for an independent bid for Daewoo Motor, even though we are continuously seeking alliance partners," said Alan Perriton, president of GM Korea and the executive in charge of Asia-Pacific alliances and partnerships.
Daewoo Motor had a debt of $16 billion, more than its assets, as of last June.
Daewoo Motor said last month that it would choose two bidders for advanced negotiations by mid-June.
www.detnews.com /2000/autos/0005/10/b04-47376.htm   (443 words)

  
 Future cars, Hybrid Cars: 2006 S3X SUV Environment-Friendly Hybrid cars from GM Daewoo
GM Daewoo motors introduced their 1st hybrid cars which is expected to enter mass production in 2006.
GM Daewoo plans to boost its speed of hybrid car to 150 kph before its launch.
I am glad to see that GM is finaly coming out with hybrid cars I can not wait when they come out with the hydrogen concepts.
futurecars.blogspot.com /2004/10/2006-s3x-suv-environment-friendly.html   (552 words)

  
 Where can I find Daewoo? Answer: Automotive Parts and Accessories   (Site not responding. Last check: 2007-11-06)
Daewoo Audio Best Auto Parts - Daewoo Audio Discounts Daewoo Audio and Best Auto Parts Daewoo DVN8100N Progressive Scan DVD Player Sleek, slim, and sophisticated, Daewoo's progressive scan DVD player is a must-have addition to any entertainment center.
See live article   GM Daewoo Motors GM Daewoo Motors was first established as National Motor in 1937 in Bupyeong, South Korea.
After changing it's name to Saenara Motor in 1962, Saenara Motor was bought by Shinjin Industrial in 1965, which changed its name to Shinjin Motor after establishing collaborations...
www.tristate-centurion.com /706-Daewoo.html   (785 words)

  
 Daewoo Motors America Bankruptcy Documents
For many different reasons, Daewoo Motor Company, Ltd. ("DWMC") in Korea was forced to declare bankruptcy in November of 2000.
Negotiating with General Motors (GM) now, DWMC has agreed to sell certain of their assets to GM.
Going forward, DWMC has advised DMA that it will support manufacturer specific warranty repairs for vehicles sold in the United States until a new company (GM Daewoo Auto and Technology Company) to be formed by GM and its partners is able to assume responsibility for these warranty repairs.
www.geocities.com /daewoolanoshatchback/daewoousbankruptcy.html   (2539 words)

  
 South Korean Car Production Forecast to Fall Short of Target
The output is equal to 70.5 percent of the goal set by the five carmakers in Korea _ Hyundai Motor, Kia Motors, GM Daewoo Auto & Technology, Ssangyong Motor and Renault-Samsung Motors.
GM Daewoo Auto & Technology churned out 34,876 units in September, up 81.9 percent over a year ago, while it recorded 258,573 units of production in the first nine months of this year, up 15.5 percent from the same period last year.
But the largest carmaker, Hyundai, registered a 4.4 percent fall in production to 1.18 million in the first nine months of this year, accounting for 52 percent of total production in Korea, off 2.3 percentage points from last year.
www.theautochannel.com /news/2003/10/12/170494.html   (375 words)

  
 GM Daewoo
After years of negotiation, GM Daewoo was formed in late 2002 when General Motors agreed to take control of struggling car company Daewoo Motors.
This was the highest profile unit of Korean industrial conglomerate Daewoo, once one of the world's largest industrial corporations before hitting severe financial problems in the late Nineties.
Founded as a textile business, the company was one of the pioneers in Korea's economic revolution, expanding into every conceivable industry during the Seventies and Eighties.
www.mind-advertising.com /kr/daewoo_kr.htm   (180 words)

  
 DAEWOO MOTORS PUT UP FOR SALE   (Site not responding. Last check: 2007-11-06)
Daewoo Motors India Ltd was put on sale following its inability to clear debts of around Rs 1,100 crore to three financial institutions - IDBI, ICICI and Exim Bank.
DRT has fixed December 18 as the last date for receipt of offers for sales of the automaker on 'as is where is' and 'as it what is' basis from interested public parties.
Since the announcement of the $1.2 billion GM-Daewoo deal in April, which left out the Indian operation completely, FIs have been fighting with the South Korean management of DMIL for control of the board and assets.
www.helplinelaw.com /news/1102/fl_busi_daewoo1102.php   (439 words)

  
 GM, Daewoo Sign Deal   (Site not responding. Last check: 2007-11-06)
NEW YORK (CNN/Money) - General Motors Corp. signed the official agreement to purchase parts of South Korea's bankrupt Daewoo Motor Co. Monday.
GM (GM : Research, Estimates) said it will invest $251 million for a 42.1 percent stake in a new company comprised of selected assets of Daewoo's domestic and international business.
Daewoo creditors will get a 33 percent stake in the company, while GM's business partners will get a 24.9 percent stake.
www.webprowire.com /summaries/91323.html   (305 words)

  
 GM Cars - General Motor Corporate Website - GM Customer Service
GM cars: the General Motor Corporate website offers a variety of GM customer service options.
More about GM Cars from the General Motor corporate website.
GM earns acclaim, from initial gold to ongoing dependability.
www.gm.com   (85 words)

  
 COMMENT: GM Daewoo: competing for Ssangyong : Auto News
GM Daewoo's letter of intent to bid for South Korea's fourth largest automaker, Ssangyong Motor Company, will see it compete with Chinese groups Nanxing and SAI.
If successful, this new acquisition could put GM in a strong position to compete against domestic manufacturers in the Korean market.
Upgrade today and you could be looking at this article within minutes: get a feel for membership, and join here now.
www.just-auto.com /news_detail.asp?art=43007   (349 words)

  
 Gm Motors - Your total motors resource
Genetic modification or GM is part of the everyday language of Europeans but to most North Americans the initials GM may evoke General Motors or the abbreviation for the General Manager of some luckless sports team. The difference in awareness between the two continents is quite simply stupendous.
Sundre Motors - We are a Central Alberta GM four line dealer for Chevrolet, Oldsmobile, Pontiac, Buick, GMC and Chevy Trucks.
Johnson Boys GM Inc is a modern automotive facility including a full service Body Shop, which services the needs of all of the Johnson Dealerships. General Motors recognized them for their Sales and Service Excellence and Customer Satisfaction.
www.motorsguides.com /gmmotors   (1945 words)

  
 [No title]
DAEWOO MOTORS: GM talks include Ssangyong Motor Co.
Daewoo Motor and Ssangyong are units of the debt-laden
Daewoo and Ssangyong motors and the prospect of Samsung
bankrupt.com /TCRAP_Public/991018.MBX   (5401 words)

  
 GENERAL MOTORS CORP - GM Unscheduled Material Events (8-K) SIGNATURES
In the presentation that follows and in related comments by General Motors management, our use of the words "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal," "project," "priorities/targets" and similar expressions is intended to identify forward looking statements.
GM and its joint ventures to introduce nearly 20 new and upgraded products over the next three years
GM affirms Q2 guidance of $2.00 - $2.25 EPS and 2004 CY guidance of $7.00 EPS
sec.edgar-online.com /2004/06/15/0000950124-04-002788/section3.asp   (2413 words)

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