Daewoo financed industrialization, and provided protection from competition to the chaebol in exchange for a company's political support. In the beginning, the Korean government instigated a series of five-year plans under which the chaebol were required to achieve a number of basic objectives. Daewoo did not become a major player until the second five-year plan. Daewoo benefited from government-sponsored cheap loans based on potential export profits. The company initially concentrated on labor-intensive clothing and textile industries that provided high profit margins because of South Korea's large and relatively inexpensive workforce. The third and fourth of the five-year plans occurred from 1973
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