Daewoo Motors took over the troubled four-wheel-drive specialist SsangYong Motor, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. Its models, were sold under the Daewoo-SsangYong badge in South Korea, contrary to other areas where they were sold under the Daewoo brand name. SsangYong's flagship limousine, the Chairman, was on its part integrated to the Daewoo range, becoming the Daewoo Chairman, with a new three-parts Daewoo corporate grill. By 1999, the whole Daewoo Group ran into financial trouble, and was forced to sell its automotive division. Candidates for the operation included Hyundai associated with DaimlerChrysler,
Daewoo Espero 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 renamed Aranos in some but not all Spanish-speaking countries (not in Argentina and Chile for instance), since