Daewoo Leganza the Leganza was not afforded a mid-life facelift, so there was no "V150" model (the xx50 designations are used by Daewoo to indicate facelifted versions of xx00 models). Rather than that, Daewoo increased the wheelbase of the V100 platform by to develop a new model, called Daewoo Magnus (V200), which was launched in 2000. Both models were sold side by side in Korea, and the Leganza got a small update (front grille) in 2001 – but the Magnus has not been launched internationally until Leganza's demise in 2002, effectively replacing it. Daewoo ceased North American sales by then, so the
Daewoo Motors was launched, the first Daewoo model to be produced in their then new Kunsan motor plant. It was designed by the Italian-based I.DE.A Institute. In March 1997, the mid-sized Leganza followed, also designed by Giorgetto Giugiaro, borrowing some styling cues from the existing 1990 Jaguar Kensington concept car. In 1998 one of Daewoo's best known cars was introduced, the Matiz. The design was again signed by Giorgetto Giugiaro and based on his 1992 "Lucciola" concept car, which was initially imagined as a replacement for the Fiat Cinquecento. This car became Daewoo Motor's best-seller for the next four years. In 1999,