Daewoo Tico Daewoo Tico The Daewoo Tico is a city car produced by the South Korean automaker Daewoo from 1991 to 2001. The Daewoo Tico was based largely on the 1988 Kei car Suzuki Alto. The car was equipped with a three-cylinder 796 cc S-TEC engine -upgraded version for export markets of the "Kei" engine 547 cc (33.4 cu in) F5B engine-, and came with either a five-speed manual transmission or three-speed automatic transmission (only in Korea). The Tico was exported to Europe, markets. It was highly popular in such countries as: Romania, Bulgaria, Macedonia, Czech Republic, Slovak Republic, Croatia, Slovenia, Hungary,
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