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 Royale the larger Senator A. In January 1983, after Daewoo gained control, Saehan Motors changed its name to Daewoo Motors. At the same time the Saehan Royale was renamed Daewoo Royale, and the Saehan Rekord was absorbed in the Royale range, becoming known as the Royale XQ. Production of the XQ ended in 1987. Until November 1984, Royale body panels were stamped by Holden in Australia, where the Rekord-Senator hybrid was manufactured there as the Holden Commodore. After November 1984, Daewoo began pressing their own panels on a newly installed production line. The E1 bodystyle continued to be built as the