Daewoo LeMans versions. The more luxurious GLXi received a sixteen-valve engine which upped the power to at an unusually low 4,800 rpm, and the 0–100 km/h time was reduced to 12.2 seconds. The Cielo was made in India by DCM Daewoo Motors until the Korean Daewoo company went bankrupt. GM did not take over the Indian plant in Surajpur near Delhi and it was liquidated. Production in South Korea came to an end shortly after the 1996 introduction of the Daewoo Lanos, an original design. Daewoo first exported cars to Europe in the mid 1990s, with the Nexia and Espero forming the
Daewoo had ended. The group was reorganized into three separate parts: "Daewoo Corporation", "Daewoo Engineering & Construction " and "Daewoo International Corporation". They are active in many markets, most significantly in steel processing, ship building and financial services. The corporate entity known as "Daewoo Corporation" is now known as "Daewoo Electronics" and is focused solely on manufacturing electronics. Daewoo Electronics survives to this day, despite bankruptcy, with a new brand logo "DE", but many of the other subsidiaries and divisions have become independent or simply perished under the "reorganization" by the Korean government under Kim Dae Jung. In North America, Target