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 Lacetti in 2004 with the 1.6-liter engine; a few years later the LS term version was used as a traffic police patrol vehicle. In Uzbekistan, the Lacetti has been produced by GM Uzbekistan since 2008, in a plant located in Asaka, and marketed as the Chevrolet Lacetti. In 2013, the partner company Uz-Daewoo Avto began producing the facelifted sedan version as the new Daewoo Gentra. It is marketed throughout the CIS countries. In 2015 the car was renamed the "Ravon Gentra." It was sold as the Chevrolet Lacetti and includes 5-door hatchback, sedan and station wagon models. The entire line of