Daewoo to the junta. Today five companies with the Daewoo brand name remain: Daewoo Daewoo (, literally "Great Woo", after the first name of founder and chairman Kim Woo-jung) or the Daewoo Group was a major South Korean conglomerate and car manufacturer. It was founded on 22 March 1967 as "Daewoo Industrial" and was declared bankrupt on 1 November 1999. Prior to the Asian financial crisis, Daewoo was the second largest conglomerate in Korea after Hyundai Group, followed by LG Group and Samsung. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies. There
Daewoo Espero (Opel Vectra A) was discontinued and the Vauxhall Vectra (Opel Vectra B), the Cavalier's replacement, was introduced. Daewoo Espero The Daewoo Espero (also known as Daewoo Aranos in some Spanish-speaking countries) is a four-door, five-seater mid-sized notchback saloon produced by the South Korean company Daewoo Motors from September 1990 to 1997. It was technically based on the GM J platform. The body was designed by Italdesign. The car was equipped with Holden-built GM Family 1 1.5 L engine, or the 1.8 or 2.0 L Family II engine. The Espero was replaced by the Daewoo Leganza in 1997. The Espero was