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 Mirae Daewoo Mirae The Daewoo Mirae was a concept car that was unveiled on April 20, 1999, by Queen Elizabeth II at Daewoo's Seoul design studio 'Design Forum' and then again at the 1999 Seoul Motor Show. "Mirae" in Korean means "future". Designed at Daewoo's UK Worthing Technical Centre, somewhat unusually it premiered in two forms: an exterior model, and a separate interior technology showcase model. Production was hinted to commence in 2010, but with the collapse of Daewoo Group in 2000 and the subsequent General Motors takeover, the concept car appears to be unlikely to be produced in the original