Daewoo 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 were about 20 divisions in the Daewoo Group. Daewoo Group had under
Daewoo Nubira the Russian automaker Doninvest. Until 2008, Daewoo Nubira was produced in Romania in a former Daewoo factory which had the licence from GM Daewoo. The Daewoo Nubira was still produced in Egypt in 2008, in a former Daewoo factory which has the licence from GM Daewoo. The Nubira was replaced in 2004 with the J200 Daewoo Lacetti, under GMDAT management with a new Pininfarina-designed body offered as a sedan, station wagon, and Italdesign hatchback. It was sold in some European markets as the Chevrolet Nubira and in the United States as the Suzuki Forenza and Reno. Daewoo Nubira The Daewoo