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  September 5, 2001
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Home > Company Index > Automotive & Transport Equipment > Auto Manufacturers > Daewoo Motor Co., Ltd.

Daewoo Motor Co., Ltd.
 PROFILE
As part of South Korea's family-run Daewoo Group, Daewoo Motor is that country's #2 automaker (behind Hyundai). Rocked by financial woes, parent Daewoo put Daewoo Motor up for sale, but the company slipped into bankruptcy when Ford withdrew its offer. Creditors of the debt-ridden company then asked automakers to resubmit bids, but bankruptcy and labor strife have complicated matters. Daewoo Motor makes passenger cars as well as commercial vehicles, buses, and trucks. GM has submitted an offer to take over Daewoo Motor, but is at odds with the Korean government; GM does not want certain Daewoo Motor assets (commercial vehicles) while Korea wants to sell the company as a package deal.

 COMPETITION
Hyundai Motor Company (dossier)
Nissan Motor Co., Ltd. (NSANY)
Toyota Motor Corporation (TM)

 FINANCIAL OVERVIEW
2000 Sales (mil.): 197.80
1-Yr. Sales Growth: (93.7)%
Employees: 900
Revenue per employee: $219,777.78

 KEY PEOPLE
• Kang Byung-Ho
    CEO

 CONTACT INFO
199 Chongchon-dong, Pupyong-ku
Inchon, South Korea
Phone: 82-32-520-2114
Fax: 82-32-520-4658
Online: Web Site

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