Daewoo Motors
GM Daewoo Auto & Technology Co. ( GM DAT short ) was from 2002 to 31 March 2011, the name of the South Korean automaker GM Korea, which today is majority owned by the American automaker General Motors.
The company was founded in 1937, still under Japanese colonial rule, under the name National Motor in Incheon, South Korea. After the takeover by the chaebol ( conglomerate ) Daewoo it was from 1982 to 2002 Daewoo Motors.
History
The company was founded in 1937. In 1982, the Daewoo Group, the majority shareholder and changed the name to Daewoo Motor.
In 2002, Daewoo ran into financial difficulties due to the Asian crisis. The automotive division Daewoo Motors was then spun off a separate company, to which the U.S. auto giant General Motors (GM ) and its Japanese and Chinese partners Suzuki and Shanghai Automotive Industry Corporation (SAIC ) together took over the majority. GM 's share of 42.1% was held by its Australian subsidiary GM Holden, Suzuki, at the GM was still involved, took 6.8 % of the shares, and SAIC 6.0%. In July 2005, General Motors became the majority shareholder with just over 50 %. The participation has been continuously increased, most recently through a capital increase on 28 October 2009.
The state Korea Development Bank ( KDB ) has a share of 17 %, coupled with a right of veto over the majority owner of GM.
The shareholder prior to the inclusion:
- General Motors 70.1 %
- Korea Development Bank 17.0%
- Suzuki 6.8%
- SAIC 6.0%
- Other 0.1%
GM DAT had a significant role in GM. 2008 GM DAT sold about two million units, including CKD products. The company had five factories in South Korea and an assembly plant in Vietnam.
The vehicles are now sold worldwide primarily under the brand name Chevrolet, Daewoo in South Korea, however, was maintained until 2011. In Australia, the models were sold as a Holden.
In Europe, where sales of Daewoo in 1995 began, the brand name was changed as of February 2005 by Daewoo to Chevrolet.
Models
- License reproduction or development of an Opel
- As the " Daewoo " marketed Suzuki, or further development of a Suzuki
- In South Korea as the " Daewoo " marketed Honda
- In South Korea as the " Daewoo " marketed SsangYong (1997-2004 part of Daewoo )
- In South Korea as the " Daewoo " marketed GM model ( Buick, Holden or Saturn)