Daewoo LeMans versions. The more luxurious GLXi received a sixteen-valve engine which upped the power to at an unusually low 4,800 rpm, and the 0–100 km/h time was reduced to 12.2 seconds. The Cielo was made in India by DCM Daewoo Motors until the Korean Daewoo company went bankrupt. GM did not take over the Indian plant in Surajpur near Delhi and it was liquidated. Production in South Korea came to an end shortly after the 1996 introduction of the Daewoo Lanos, an original design. Daewoo first exported cars to Europe in the mid 1990s, with the Nexia and Espero forming the
Daewoo there while "on the run". Daewoo Motor Co., Ltd. was founded when the Daewoo Group purchased Saehan Motor in 1978, but the Daewoo Motor name did not appear until 1983. The Daewoo Motor brand appeared in the UK in 1995. At the time, it was the only manufacturer not using traditional dealerships – it owned and operated its own retail network. It was once considered to be among the top 10 motor companies in terms of production. Due to financial trouble, Daewoo's automotive arm, Daewoo Motor, was sold to General Motors (Korean) in 2001. The Daewoo nameplate continued in South