Daewoo is a South Korean car brand that was founded in 1982 and it was one of the largest South Korean conglomerate companies. The brand was known for producing a wide range of vehicles, including compact cars, family cars, and commercial vehicles. Daewoo vehicles were known for their affordability, fuel efficiency, and value for money. In the 1990s and early 2000s, Daewoo was a major player in the global car market, especially in developing countries and emerging markets.
However, in the late 1990s, the company faced financial difficulties and in 2000 it was acquired by General Motors (GM) and it was rebranded as GM Daewoo. The brand was phased out in 2011 and replaced by Chevrolet in most markets, but the brand still exists in some countries.
Daewoo cars were considered to be reliable and well-built, with a good balance of features and price, some of the most popular Daewoo models include the Matiz, the Lanos, and the Nubira. Even though the brand is no longer in production, it left a legacy of affordable and well-built vehicles that are still popular among budget-conscious buyers.