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
Daewoo LeMans In 2004, because of harsher emission regulations, the factory installed the Lanos 1.5 SOHC engine, which meant a decrease in horsepower, but made the car Euro 3 compliant. During the last 2 years of production, in an effort to update the optional equipment available for the car, the Executive received a CD player instead of the obsolete cassette player. It remained in production until 2007, being marketed along with its successor, the Daewoo Nubira. In Uzbekistan, UzDaewooAuto continues to manufacture the four-door sedan version of the Nexia, of which production began in June 1996. It is produced alongside other Daewoo