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 Lanos the T100 model code at launch; the T150 code applies to the updated models introduced in 1999. In 2006, a panel van version, developed in Ukraine by ZAZ, was also introduced. The Daewoo Lanos was designed to replace the Daewoo Nexia in the Daewoo line-up and was itself replaced by the Daewoo Kalos. In 1992, Daewoo dissolved its joint-venture with General Motors, and simultaneously a decision was made to independently develop replacements for the contemporary Daewoo Motors products, based on older General Motors models. The Lanos development programme was formally started in autumn 1993, with the goal to create a