Ex Lease Cars

#ex lease cars for sale

Ex Lease Cars

If you are looking for an affordable nearly new car then an ex-lease or ex-fleet car could be the perfect type of used car to go for. Leasing and rental firms in the UK buy almost 50% of all new cars sold in the UK each year, these brand new vehicles are then leased and rented to a variety of different organisations and individuals.

Hundreds of thousands of cars are leased and rented to organisations, for a variety of different uses from pool cars to sales rep cars, alternatively many thousands of lease cars find themselves on the driveways and garages of individuals that have opted for a personal contract hire or lease car to cater for their travelling requirements.

At the end of the lease car’s contract period, usually one, two or three years, the vehicle is returned to the leasing company. The leasing company then disposes of the car via a variety of channels and the car enters the used car market. It is at this point where the canny car buyer can bag themselves a bargain.

While ex-lease cars tend to have higher mileages than privately owned cars, often they have been looked after, maintained, and serviced to a higher standard than a privately owned car. The vast majority of lease and fleet cars have also been smoke-free places thanks to the smoking ban, which means the car’s interior will be that bit better. Furthermore, the life of many small family, family, compact executive, executive, and luxury saloon lease cars is usually that of long periods on motorways and major A-roads being driven at near constant speed and in top gear, thus reducing wear and tear on the engine, brakes, and suspension. Shorter trips involve lots more acceleration, braking and gear-changing, so put a car under greater strain.

A further advantage of opting for an ex-lease car is that they’re likely to be easy to sell on again when you are looking to change vehicle this is down to the type of car which usually makes up the ex-lease market thanks to good standard specifications, high standard kit levels, neutral colour schemes, efficient engines choices, and no non-standard modifications. What’s more ex lease vehicle stock is predominately made up of popular, high volume manufacturers such as Ford, Vauxhall and Volkswagen, which means that on-going servicing and parts are shouldn’t be too expensive.

Finally, ex-lease cars can be a great way of sourcing bargain used executive and luxury makes and models, as leasing companies look to quickly dispose of high value cars returned at the end of their contracts.

So next time you look to change vehicles make sure you consider ex-lease cars.

Exotic cars

#exotic cars

1968 – 1978 Lamborghini Espada

The late 60s produced some really incredible cars. It was an era when the Ferrari 275 GTB/4 and the Lamborghini Miura were breaking production car speed records and ushering in the era of the supercar. But, these cars weren t how the makers of exotic Italian machines were making their money it s something we sometimes forget today, but it was bigger 2+2 touring cars that were the bread and butter of high-end Italian sports car market at the time. Lamborghini was a bit late with its offering in this niche, but most would agree that it was worth the wait.

Lamborghini s first 2+2 was the Espada, named for the Spanish word for “sword.” It was one of the more indirect references the company would use to bullfighting, but it still counts. Like the Miura, it offered outrageous styling, although the design was different enough to not look derivative. It also offered a ton of power and class-leading interior space. It should hardly come as a surprise that it became Lamborghini s best-selling model for years to come. The car was tweaked several times over the years, and there are three different series of Espadas, but the biggest change from one to the next was always the interior design.

2017 Ford GT

Back in the racing heydays of the 50s and 60s, Ferrari was the domination force, and Ford wanted to buy the small Italian company. At the last hour, Enzo Ferrari pulled out of the deal and Henry Ford was infuriated. Ford issued a command to his engineers that they were to build a new car that will trounce the Italians at Le Mans, and he gave them a blank check to make it happen. The car created would be dubbed the Ford GT40, and it went on to win Le Mans four times running. Almost forty years after the GT40, Ford created a modern interpretation simply called the Ford GT. The first-generation Ford GT only lived for two years before its demise, but Ford is now releasing a second-generation GT in 2017, and it is the best one yet.

At the 2015 North American Auto Show in Detroit, Ford pulled the curtain off of the all-new 2017 Ford GT. With a super-light carbon fiber and aluminum construction, a 600-plus horsepower, EcoBoost V-6 and a race-ready cockpit, the latest Ford GT is hands down the best supercar in the history of the Blue Oval brand. This new two-door builds on legendary design history with modern materials to hopefully recreate the original car’s success.

Updated 12/02/2015: Ford dropped a new video in which it highlights both the design and the aerodynamics features of its latest GT supercar. You will get to see Garen Nicoghosian, exterior design manager and Bernie Marcus, aerodynamicist, talking about how Ford honored the past while including the latest in design and aerodynamics on the all-new GT. Hit “play” to watch it!

Continue reading to learn more about the 2017 Ford GT.

Electric Cars Of Austin

#electric cars for sale

Electric Cars Of Austin. is proud to offer a new line of all electric, street legal, zero emission & low speed (LSV & NEV) vehicles.

We at Electric Cars of Austin realize that owning only an electric car isn’t a feasible option for many. It’s true that petrol and diesel engines don’t have zero tailpipe emissions, but certain manufacturers are actively researching green technologies and producing more environmentally responsible options for consumers. Among major auto manufacturers, Toyota leads the pack in green research and are developing Electric Vehicles and Plug-in Hybrid Vehicles. Consumers that own an EV as their secondary vehicle may be eligible for for being environmentally conscious.

Finding Green Auto Parts Online Why purchase overpriced parts from a dealer when you can get your at PartsGeek? With an inventory of over 10 million parts and up to 80% off of retail prices, there is no better online performance auto parts store. PartsGeek ships most orders on the same day and supplies cheap auto parts every time. For value, customer service and green auto parts selection, competitors Auto Zone and Rock Auto do not approach the high standards set by PartsGeek.

The Early History of the Electric Car

Think the electric cars on display at are something new? Think again. The first electric car prototypes were built in Europe between 1828 and 1839. In 1899, a Belgian racing car nicknamed “La Jamais Contente” (Never Content) reached a speed of 68 miles per hour using an electric motor. This was a new world record for land speed.

At the turn of the 20th century, electric cars promised to be a viable competitor to cars powered by gasoline. Many customers preferred them. Electric cars weren’t as noisy or smelly as gasoline-powered automobiles, and they didn’t have to be cranked by hand to kick start the process of internal combustion.

Electrical cars had several disadvantages in comparison with gasoline cars, though. For one thing, they couldn’t drive distances longer than 30 or 40 miles without needing to be recharged. For another thing, most electric cars couldn’t drive faster than 30 miles per hour.

The introduction of mass production by Henry Ford bought the price of internal combustion engines way down. The discovery of petroleum reserves in Texas and Oklahoma made fuel cheap as well. In 1912, the cost of an electric car was approximately twice that of a gasoline-powered car.

By 1935, electric cars had all but disappeared.

Electric cars are back with a vengeance in the 21st century, however, as Americans have become more enamored with fuel sources that can act as viable alternatives to gasoline.

Encyclopedia Smithsonian: Early Cars: Fact Sheet for Children

#the car people

Early Cars: Fact Sheet for Children

Who made the first cars?

Beginning in the 1770s, many people tried to make cars that would run on steam. Some early steam cars worked well, and some did not. Some were fire pumpers that moved by themselves, and others were small locomotives with road wheels. Beginning in the 1880s, inventors tried very hard to make cars that would run well enough to use every day. These experimental cars ran on steam, gasoline, or electricity. By the 1890s, Europeans were buying and driving cars made by Benz, Daimler, Panhard, and others, and Americans were buying and driving cars made by Duryea, Haynes, Winton, and others. By 1905 gasoline cars were more popular than steam or electric cars because they were easier to use and could travel further without adding fuel. By 1910 gasoline cars became larger and more powerful, and some had folding tops to keep drivers and passengers out of the rain.

How did the first cars work?

A steam car burned fuel that heated water in a boiler. This process made steam that expanded and pushed pistons, which turned a crankshaft. An electric car had a battery that powered a small electric motor, which turned a drive shaft. A gasoline car ignited fuel that caused a small explosion inside each cylinder. This explosion pushed the piston and turned a crankshaft connected to the wheels by a chain or drive shaft.

Who drove the first cars?

In 1900 wealthy people bought cars for pleasure, comfort, and status. Many doctors bought small, affordable cars because they were more dependable than horses and easier to keep ready. Rural Americans liked cars because they could cover long distances without depending on trains. They carried produce to market, went to stores and movies in town, and even used their cars to plow fields. Families in towns and cities liked cars because they were handy for errands, going to the train station, visiting relatives, going to church, and going on drives in the country. A family s house with a car in the driveway has been a common sight since about 1910. Young people liked cars because they could go to movies, restaurants, and other fun places instead of staying at home with their parents.

Why do so many people use cars?

Cars are fast, comfortable, nice looking, and fun to drive. They can go almost anywhere, and they are always ready for use. In many ways, driving is easier than walking, biking, or riding in a train, bus, or airplane. But owning a car is a big responsibility. It takes a lot of money to buy one and keep it running, and drivers must be trained, licensed, and always alert to avoid mistakes and accidents. It takes a lot of space to park cars, and too many cars cause congestion on roads and in parking lots. Some car owners have returned to walking, biking, or riding a train or bus when it s more practical or convenient. For most Americans, cars are a favorite way to travel, but there will always be a need for other types of transportation.

What was different about the Ford Model T?

Ford Model T

Built near the end of the Model-T era, this Model-T roadster came off the assembly line in 1926. Courtesy of the National Museum of American History.

The Ford Model T, made between 1908 and 1927, cost less than other cars, but it was sturdy and practical. It ran well on dirt roads and fields because it could twist as it rolled over bumps. The Model T looked like an expensive car but actually was very simply equipped. From 1915 to 1925, it only came in black because black paint dried faster than other colors, making it possible to build and sell more Model Ts. For all of these reasons, more Model Ts were sold than any other type of car at the time — a total of just over 15 million. Farmers, factory workers, school teachers, and many other Americans changed from horses or trains to cars when they bought Model Ts.

Why do most cars today run on gasoline?

The gasoline engine has been reliable, practical, and fairly efficient since about 1900. It is easier to control than a steam engine and less likely to burn or explode. A gasoline car can go much further on a tank of gasoline than an electric car can go between battery charges. Gasoline engines have been improved by the use of computers, fuel injectors, and other devices. But growing concern about chemicals that gasoline engines release into the air (i.e. pollution) have led to new interest in clean, electric cars and cars that run on natural gas, a vapor that is different from gasoline.

How many cars are in the Smithsonian?

There are more than 60 cars in the Smithsonian collection, but only 12 to 15 are displayed in the National Museum of American History. Some cars are in storage, and some are on loan to other museums. The production years of cars in the collection range from 1894 to 1990. There are experimental cars, cars that families drove, and racing cars. The Smithsonian has been collecting cars since 1899, and almost all of them have been given by people or businesses.

Where else can I see early cars?

Some of the Smithsonian s cars are on loan to the Western Reserve Historical Society in Cleveland, Ohio, the Onondaga Historical Association in Syracuse, New York, the Indianapolis Motor Speedway Hall of Fame in Indianapolis, Indiana, and the Eastern Museum of Motor Racing in York Springs, Pennsylvania. Major car museums not connected with the Smithsonian include the Henry Ford Museum in Dearborn, Michigan, the National Automobile Museum in Reno, Nevada, the Imperial Palace Collection in Las Vegas, Nevada and Biloxi, Mississippi, the Petersen Automotive Museum in Los Angeles, California, the Auburn-Cord-Duesenberg Museum in Auburn, Indiana, and the Owl s Head Museum in Owl s Head, Maine.

Where can I read about early cars?

Books about early cars are available at most libraries. Some of the books you might look for are:

Automobile Quarterly. The American Car Since 1775. New York: L.S. Bailey, 1971.

Clymer, Floyd. Henry’s Wonderful Model T 1908-1927. New York: McGraw-Hill, 1955.

Dammann, George H. Ninety Years of Ford. Osceola, WI, USA: Motorbooks International, 1993.

Editors of Consumer Guide Staff. Ford: The Complete History. Lincolnwood, IL: Publications International, 1989.

Flink, James J. America Adopts the Automobile, 1895-1910. Cambridge, MA: MIT Press, 1970.

_____. The Automobile Age. Cambridge, MA: MIT Press, 1990.

Heilig, John, ed. Automobile Quarterly’s Directory of North American Automobile Museums. Kutztown, PA: Automobile Quarterly, 1992.

Lichty, Robert C. Standard Catalog of Ford, 1903-1990. Iola, WI: Krause Publications, 1990.

Montagu of Beaulieu, Lord and Anthony Bird. Steam Cars 1770-1970. London: Cassell, 1971.

May, George S. ed. The Automobile Industry, 1885-1920. New York: Facts on File, 1989.

McCalley, Bruce W. Model T Ford: The Car That Changed the World. Iola, WI: Krause Publications, 1994.

_____. The Model T Ford Encyclopedia, 1909-1927: A Comprehensive Guide to the Evolution and Changes of the Major Components of the Model T Ford. [Burbank, CA: Model T Ford Club of America], c. 1989.

Rae, John Bell. The American Automobile Industry. Boston: Twayne Publishers, 1984.

_____. American Automobile Manufacturers: The First Forty Years. Philadelphia, PA: Chilton, 1959.

Schiffer, Michael B. Tamara C. Butts and Kimberly K. Grimm. Taking Charge: The Electric Automobile in America. Washington: Smithsonian Institution Press, 1994.

Sears, Stephen W. The American Heritage History of the Automobile in America. New York: American Heritage Publishing, Co. 1977.

Stern, Philip Van Doren. Tin Lizzie: The Story of the Fabulous Model T Ford. New York: Simon and Schuster, 1955.

Wakefield, Ernest Henry. History of the Electric Automobile: Battery-only Powered Cars. Warrendale, PA: Society of Automotive Engineers, 1994.

Wilson, Paul Carroll. Chrome Dreams: Automobile Styling Since 1893. Radnor, PA: Chilton-Book Co. 1976.

Where can I find out about cars on the Web?

A Brief History of The First 100 Years of the Automobile Industry in the United States: www.theautochannel.com/mania/industry.orig/history

Car Museums on the Web.

Henry Ford Museum Greenfield Village: www.thehenryford.org

Indianapolis Motor Speedway Hall of Fame Museum: www.indianapolismotorspeedway.com/museum

National Automobile Museum. www.automuseum.org

Petersen Automotive Museum: www.petersen.org

DMV Regulations for Buying – Selling Cars

#buy and sell cars

Choose Your State

At DMV.org, we’ve researched and compiled all the information you need for buying and selling vehicles in your state. We’ve gathered all the forms and documents you’ll need, whether you’re buying or selling a vehicle―disclosure statements, bills of sale, seller affidavits―we have it all.

Your vehicle needs change as your life changes. Want proof? That sporty little hot rod you had in college probably isn’t going to serve you as well once you have one or two child safety seats to install. But, before you trade or sell your car and buy the family sedan, you’ll need to know how to proceed.


Doing business with a licensed dealer may feel like the safest and easiest way to purchase a new vehicle, but before you even enter the lot, make sure you’re armed with some important information.

For example, dealers are required by law to inform you if a vehicle you’re considering was ever declared salvage, returned under the Lemon Law, or repaired in excess of usually $500 (if it’s new)―but this doesn’t mean they’re necessarily going to.

Be sure to ask questions about the vehicle you want to purchase. DMV.org offers advice on handling dealers, and what kinds of questions you should ask.


Buying a vehicle from a private individual can save you some money, just as selling your vehicle yourself can make you some extra cash.

However, just because a licensed vehicle dealer isn’t involved doesn’t mean you can bypass important steps and paperwork.

We provide tips to make sure your buying or selling process goes as smoothly as possible. For example, did you know that you should never purchase a vehicle from an individual unless he or she can hand you the title right then? Or that you can get some background information about the vehicle by completing a vehicle information request form?

Whether you’re doing your buying and selling business with a dealer or an individual, learn the proper procedures in your state―right here at DMV.org.

DONATE CARS FOR VETERANS: Call 1-800-807-8604

#cars for


Why Cars for Veterans

Free Local Towing: We will pick up your car donation, running or not, when it s most convenient, at home or work.

Fast Pickup: Same Day to 24 Hours.

All Cars Accepted: We take your car regardless of its condition or registration status.

Max Income Tax Deduction : We issue you an IRS tax receipt offer the largest resale network to get you the highest tax write-off possible.

No Paperwork Hassles: We take any car and handle everything: DMV, Smog and IRS paperwork.

Car donations help fund programs: And benefit National Veterans Services Fund. An IRS 501(c)3 nonprofit organization.

Free Vacation Voucher: 3 day stay. Choose from 38 resorts. Just call or submit the online donation form.

We Accept Vehicles in All States

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

2015 Luxury Cars: New Car Reviews And Ratings

#new car reviews

New Car Reviews And Ratings

For those enthusiasts who relish the off-road capability of Jeep s iconic Wrangler model offerings, but would prefer more sophistication in a style that s less utilitarian, there s a new kid in outlets. He reviews not only cars, trucks and These cars have similar ratings, features, and consumer reviews to the more expensive alternatives, but there s one thing that they do not have in common with luxury vehicles: their price tags. Price comparison: The new 2015 Acura TLX is going to cost The awards recognize car dealers who earned the highest marks for customer satisfaction in Edmunds.com’s Dealer Ratings and Reviews. The 10 Minneapolis dealers Jeep Dodge Ram Hudson Ford Lexus of Wayzata New Brighton Ford New Prague Ford Park Chrysler America s minivan segment generated only 3.4% of the U.S. auto industry s new vehicle volume in 2014 Honda s Odyssey sets a high bar for car-like dynamics and efficiency. Nissan, well, the Quest has basically been rejected by North American Here s which vehicles not only garner top marks in crash tests, but can help drivers avoid getting into accidents in the first place Improved new-vehicle crash protection A superior rating means a car s auto-braking system is able to avoid The awards recognize car dealers who earned the highest marks for customer satisfaction in Edmunds.com’s Dealer Ratings and Reviews. “We at Edmunds.com believe in putting the customer first, and our dealer partners embrace that same commitment to .

Say hello then to the new 2015 Hyundai Verna 4S, which, though more cosmetic in nature, should help the car to sustain its allure fact that the Hyundai Verna has received a 5-star safety rating by N-CAP, across different parts of the globe and has The awards recognize car dealers who earned the highest marks for customer satisfaction in Edmunds.com’s Dealer Ratings and Reviews. “We at Edmunds.com believe in putting the customer first, and our dealer partners embrace that same commitment to The U.S. News rankings are based on the consensus opinion of the automotive press about a car’s performance, interior features and interior comfort, along with reliability and safety ratings The all-new 2015 Lincoln MKC boasts agile handling, ample .

Damaged cars for sale

#salvage cars for sale

Salvaged and damaged cars for sale in South Africa

An accident damaged vehicle can be a cheaper choice when buying a car. Our accident damaged vehicles are available throughout South Africa, direct to the public and trade.

Motor Vehicle Spares has a selection of cars on sale ranging from small to luxury sedans, 4x4s to light truck and light delivery vehicles.

Accident damaged vehicles are committed to giving you the ultimate experience in convenience, service and expertise when you buy your next accident damaged car. When you deal with Accident damaged vehicles, you can rest assured that you’re in good hands, because we provide all our staff members with ongoing training. We do regular performance evaluations to make sure that our nationwide outlets meet our exacting standards and we ensure that our branches are always up to date.

Accident damaged cars for sale in Durban

Accident damaged vehicles Durban cover the entire South Africa and will deliver and sell cars to the public and trade in Durban.

Accident damaged cars for sale in Cape Town

Accident damaged vehicles Cape Town cover the entire South Africa and will deliver and sell cars to the public and trade in Cape Town.

Accident damaged cars for sale in Port Elizabeth

Accident damaged vehicles Port Elizabeth cover the entire South Africa and will deliver and sell cars to the public and trade in Port Elizabeth.

Accident damaged cars for sale in Pretoria

Accident damaged vehicles Pretoria cover the entire South Africa and will deliver and sell cars to the public and trade in Pretoria.

Accident damaged cars for sale in Johannesburg

Accident damaged vehicles Johannesburg cover the entire South Africa and will deliver and sell cars to the public and trade in Johanneburg.

Daewoo Cars – New & Used Daewoo Reviews, Pricing & Specs

#daewoo cars

Daewoo Cars

Daewoo Motors is a Korean automobile company that was founded in 1978 and sold most of its holdings to General Motors after going bankrupt in the early 2000s. The company was once a part of the larger Daewoo Group, a powerful Korean conglomerate that produced everything from consumer to heavy industry goods.

Daewoo Through The Years

While Daewoo Motors could be regarded as a company with a relatively brief history, it can in fact trace its roots back to the National Motor company, which was founded in South Korea as far back as 1937. In 1962, the company underwent the first of many name changes and re-brandings to emerge as Saenara Motors, establishing itself as the first Korean automotive company in the process.

In 1965, Saenara Motors was acquired by Shinjin Industrial who rechristened it Shinjin Motors and began a professional relationship with Japanese automaker, Toyota. However, Toyota’s involvement wasn’t destined to last, and in 1972, the company partnered with General Motors under the marque General Motors Korea. However, in 1976, the company changed its name again, this time to Saehan Motor.

Finally, in 1982, the Daewoo Group took over the company, changing it to what it’s currently known as the Daewoo Motor Company. The company began producing cars based on General Motors models. Early Daewoos included such models as the Royale XQ, Royale Duke, and Royale Salon Super.

Daewoo’s joint venture with GM eventually collapsed, which rendered Daewoo an independent automobile company in 1992. Four years later, the company introduced its first vehicle, which wasn’t based on a GM vehicle, the Lanos.

Daewoo in America

After successfully and independently operating from GM, Daewoo Motors ran into financial trouble. In an effort to downsize itself, the company sold its automotive division to General Motors in 1999.

During this period of transition, Daewoo began producing the popular Leganza, a midsize sedan that sold well in the U.S. in 1997 to 2002. The Lanos was another Daewoo model that was briefly popular, stateside. However, that model was discontinued in 2002 to make way for the Daewoo Kalos, which was also known as the Chevrolet Aveo.

Although the Daewoo brand ceased to introduce new cars into the U.S. market in 2002, the company continues to produce cars like the Aveo that enter the North American market through its partnership with GM.

Daewoo Models

Daewoo produced a number of different models aimed at various segments of the markets over the years. The Leganza was popular in the U.S. as to a lesser extent was the Lanos.

The Leganza was a midsize sedan and notably styled by renowned Italian auto designer Giorgetta Giugiaro, who designed cars for Alfa Romeo, BMW and Lamborghini among others. The Leganza was powered by a four-cylinder engine and came equipped with a five-speed manual transmission.

The Lanos was available as a hatchback and a sedan during its production run, which lasted from 1997 until 2002. The car was powered by a 105-horsepower, four-cylinder engine and came with either a five-speed manual or four-speed automatic transmission. The Lanos was known for cornering well and providing good fuel economy. The Lanos was eventually phased out to make way for the Daewoo Kalos, which remains in worldwide production under different names today.

Daewoo Products and Technologies

The Daewoo Group largely made its name in Korea by offering quality technology and household goods that were affordable. Things were really no different when it came to cars. Daewoo Motors entered the U.S. market by providing affordable vehicles that were generally reliable and fuel efficient.

Daewoo continues to be involved in cars produced in partnership with GM through GM Korea. In fact, the company currently manufactures versions of the popular Chevrolet models, the Malibu, and Orlando. However, Daewoo’s bankruptcy and buyout by General Motors in 2002 effectively ended the production of Daewoo vehicles in the United States. Nonetheless, many used Leganzas, Kalos, and Lanos remain on the road today. Drivers continue to appreciate the various Daewoo models now as they did then, for being fuel-efficient compacts that offered a certain style, while perhaps not always being the most reliable of vehicles.

The Chevrolet Aveo is the closest thing to a Daewoo vehicle that’s still available to American drivers. The Aveo is in fact marketed around the world under a variety of different names and brands. Nonetheless, it remains a popular seller throughout North America, the Middle East, Chile, Israel, Japan, Australasia, and parts of Central and South American. The Aveo features a six-speed automatic transmission and a 1.4-liter turbocharged engine. Recently, the Aveo was rebranded in the U.S. as the Chevrolet Sonic.

Daewoo Cars and Parts

#daewoo cars


About Daewoo

Daewoo was a South Korean conglomerate that started exporting cars in the mid-1990s. Like fellow South Korean “chaebols” Hyundai, Kia, Samsung, and LG, Daewoo produced a vast range of products and services with the significant support from the government, from electronics to ships to pipelines and refineries, and its company history dated back to the 1930s. But the Asian financial crisis of the late 1990s pushed the heavily leveraged company beyond the brink, and Daewoo declared bankruptcy in 1999. Subsequently acquired as a subsidiary of General Motors, GM would soon abandon the tarnished Daewoo name in all markets save for South Korea and Vietnam.

Daewoo’s business model in the U.S. did away with commissioned salespeople and franchised dealerships and instead directed shoppers to visit the Daewoo website. Company-owned showrooms were established in nine states.

Three cars made up the initial Daewoo line in the U.S. and Canada. Entry-level was the Lanos, a bare-bones subcompact priced at just $8,749, available as a four-door sedan or three-door hatchback. The mid-sized Nubira came in sedan, hatchback, and station wagon configurations. The Camry-esque Leganza offered comfortable appointments and good handling at a competitive price point.

GM purchased the company in 2001, and Daewoo-badged cars would cease in most markets by about 2002. In established Daewoo markets where Chevrolet had no presence, the new parent company took the opportunity to introduce itself, and Daewoos simply became Chevys.

In the U.S. the subcompact hatchback Chevy Aveo is a Daewoo Gentra, previously known as the Daewoo Kalos, released in 2002. The Pontiac G3 Wave was another rebadged version, produced In Canada, now known there as the Suzuki Swift.

The first GM Daewoo released was the Lacetti, offered as a Pininfarina-styled sedan or hatchback, or Giorgetto Giugiaro-styled station wagon. The Lacetti was sold around the world under many different nameplates. In the U.S. it was sold as the Suzuki Forenza and Reno, slotted between the Aerio and Verona. The second-generation Lacetti was released in 2008, now called the Lacetti Premiere, but known in most markets as the Chevrolet Cruze.

The Winstorm is Daewoo GM’s first SUV, introduced in 2006. Like the Lacetti, it is sold in various markets around the world under many different badges.

In January of 2011, GM Daewoo announced that it would be changing its name. Going forward, the company will simply be known as GM Korea Co. GM Korea vehicles are sold on six continents around the world in 150 markets, branded variously as Suzukis, Holdens, Opels, Vauxhalls, and Chevrolets.. View more