Daewoo the world. Throughout this period, Daewoo experienced great success at turning around faltering companies in Korea. In the 1980s and early 1990s, the Daewoo Group also produced consumer electronics, computers, telecommunication products, construction equipment, buildings, and musical instruments (Daewoo Piano). Daewoo Group ran into deep financial trouble in 1998 due to the 1997 Asian financial crisis, increasingly thin relationships with the Korean government under President Kim Dae Jung, and its own poor financial management. With the Korean government in deficit, access to cheap and nearly unlimited credit was severely restricted. In 1998, when the economic crisis forced most of the
Mathis (cars) Mathis (cars) Mathis was a company in Alsace that produced cars between 1910 and 1950. The company was founded by Émile Mathis (1880–1956) who was born in Strasbourg and who died in Geneva. Originally, Émile Mathis was a leading car dealer in Strasbourg, Alsace, handling Fiat, De Dietrich and Panhard-Levassor, among other makes from his Auto-Mathis-Palace. Two models were designed for him by the young Ettore Bugatti, which were marketed under the brand Hermes (1904–1905). Current for 1905-06, it was built in 28, 40, and 98 hp forms, all being Mercedes-like cars with chain drives. Designer and racing-driver Dragutin Esser