Daewoo LeMans versions. The more luxurious GLXi received a sixteen-valve engine which upped the power to at an unusually low 4,800 rpm, and the 0–100 km/h time was reduced to 12.2 seconds. The Cielo was made in India by DCM Daewoo Motors until the Korean Daewoo company went bankrupt. GM did not take over the Indian plant in Surajpur near Delhi and it was liquidated. Production in South Korea came to an end shortly after the 1996 introduction of the Daewoo Lanos, an original design. Daewoo first exported cars to Europe in the mid 1990s, with the Nexia and Espero forming the
Daewoo Motors Chevrolet Aveo has been assembled for local market at the Chornomorsk subsidiary. Following the bankruptcy of Daewoo Motor in 2001, UkrAVTO corporation bought out the AvtoZAZ holding in 2002. All of the AvtoZAZ manufacturing facilities (most notably MeMZ and the Chornomorsk assembling plant) were reincorporated into ZAZ. The company even adopted a new logo. The Daewoo part in the joint venture was bought out by the Swiss venture Hirsch & CIE in 2003. In August 1992, Daewoo set up Uz-DaewooAuto, a joint venture in Asaka, Uzbekistan, leveraging the presence of a large local ethnic Korean minority. Currently, the plant assembles