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 Motors Ford Motor Company and the GM-Fiat alliance. Finally, General Motors was the one who acquired Daewoo Motor's assets. In 2002, Daewoo Commercial Vehicle Company was spun off from parent Daewoo Motor Co. Ltd. In 2004, it was acquired by Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company. Daewoo owned a share of AvtoZAZ, an automobile manufacturer based in Ukraine, from 1998 to 2003, establishing the AvtoZAZ-Daewoo joint venture. The CKD assembly of the Daewoo Lanos started in 2002 in Ukraine and later it was adopted for full-scale production as the ZAZ Lanos. A version of the Daewoo-developed