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 LeMans original version of the car bore the Asüna GT, Asüna SE, Daewoo 1.5i, Daewoo Fantasy, Daewoo Pointer, Daewoo Racer, Passport Optima and Pontiac LeMans names. The "LeMans" nameplate was not used at all for the facelifted model. Five-door hatchback models exported to Europe were badged Daewoo Nexia with the Daewoo Racer name used seemingly at random on various bodystyles. The Daewoo Heaven name has also been used. The Cielo was subsequently replaced by the subcompact Daewoo Lanos and the compact Nubira in 1997, except in some Central Asian markets for which production of the four-door continues in Uzbekistan. The original