DAEWOO

DAEWOO

Daewoo Motors was a South Korean automaker founded 1982 as a part of Daewoo group. Due to the financial crisis, the company sold its assets to General Motors in 2001 and became a part of an American company, which was later replaced by GM Korea.

The company was first established as National Motor in 1937 and then changed to Serena Motor in 1962. The Serena Motor was first South Korean automotive company equipped with modern facilities. It was later bought by Shinjin Industrial in 1965 and after collaborating with the Toyota, its name was changed to Shinjin Motors. In 1972, Toyota withdrew from the collaboration with Shinjin Motors, the South Korean company entered into a venture with GM Motors under the name of GM Korea but was renamed to Saehan Motor in 1976.

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After Daewoo group gained the control in January 1983, the name was officially changed to Daewoo Motor Co. Until 1996, its all cars were based on GM cars and all the Saehan models were named under Daewoo models. In the year 1992, its joint venture with GM ended leaving the Daewoo Motor Co an independent identity.

For the Indian market, the South Korean company introduced the Cielo in 1994 followed by Matiz in 2000. Both the cars failed to get good response from the market and the market was led by Maruti Suzuki.

Over the time, it became difficult for car owners to find Daewoo genuine parts. However, time taking a turn and with the rise of ecommerce finding Daewoo spare parts online became easy. These days you can get Daewoo car parts at fair prices.