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 Nubira the Russian automaker Doninvest. Until 2008, Daewoo Nubira was produced in Romania in a former Daewoo factory which had the licence from GM Daewoo. The Daewoo Nubira was still produced in Egypt in 2008, in a former Daewoo factory which has the licence from GM Daewoo. The Nubira was replaced in 2004 with the J200 Daewoo Lacetti, under GMDAT management with a new Pininfarina-designed body offered as a sedan, station wagon, and Italdesign hatchback. It was sold in some European markets as the Chevrolet Nubira and in the United States as the Suzuki Forenza and Reno. Daewoo Nubira The Daewoo