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
Paramount Cars Paramount Cars Paramount Cars was a British company which produced the Paramount automobile between 1950 and 1956. Founded by WA Hudson and S Underwood from Derbyshire, the company initially manufactured cars in Swadlincote with production moving shortly after to Melbourne (again in Derbyshire) and then to Leighton Buzzard. Two models were produced, the Paramount Ten and the Paramount 1½-Litre. The Paramount had an aluminium over wood frame body with BMW like grille and was mounted on a separate tubular steel chassis with front transverse and rear semi elliptical leaf springs. It was originally intended to have Alvis engine and suspension