Daewoo Maepsy retired. Claimed power for the earlier 1.5 was now only as South Korea had switched to using DIN ratings, but when the XQ arrived Daewoo once again used SAE gross and claimed . Between 1982 and 1989, 400,000 Maepsys and Maepsy-Nas were built. Production of the regular sedan ended in July 1986 when the Racer/LeMans was introduced although a version intended for taxi usage continued to be produced until 1989. A pickup truck version was also offered initially as the Saehan Max and later as the Daewoo Max from August 1979 to 1988. These have the 1.5-liter four, although Opel's
Daewoo there while "on the run". Daewoo Motor Co., Ltd. was founded when the Daewoo Group purchased Saehan Motor in 1978, but the Daewoo Motor name did not appear until 1983. The Daewoo Motor brand appeared in the UK in 1995. At the time, it was the only manufacturer not using traditional dealerships – it owned and operated its own retail network. It was once considered to be among the top 10 motor companies in terms of production. Due to financial trouble, Daewoo's automotive arm, Daewoo Motor, was sold to General Motors (Korean) in 2001. The Daewoo nameplate continued in South