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
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