Daewoo Motor Sales
Encyclopedia
Daewoo Motor Sales is an auto sales company headquartered in Seoul
, South Korea
. It was established in 1991. Daewoo Motor Sales operates dealerships in South Korea which sell vehicles from SsangYong
, Daewoo Bus
, and Tata Daewoo Commercial Vehicle
. In the past, Daewoo Motor Sales has sold vehicles from GM Daewoo
, Cadillac
, and Saab
. Its subsidiaries operate dealerships that sell passenger vehicles from Volkswagen
, Audi
, and Chrysler
. It is the largest motor sales company in Korea
.
Daewoo Motor Sales is a partner in MMSK Corporation, a joint venture involved in the import and distribution of vehicles from Mitsubishi Motors
. 85% of the venture is owned by Daewoo Motor Sales, with the remaining 15% owned by Mitsubishi Corp and Mitsubishi Corp (Korea) Ltd. Retail sales in South Korea of Mitsubishi cars imported from Japan and the U.S. commenced in the second half of 2008. MMSK Corporation stopped importing U.S.-sourced Eclipse coupes a few years later.
Daewoo Motor Sales also operates Seoul Auto Auction, South Korea's largest auto auction. It also operates a network of pre-owned car dealerships.
In 1996, Daewoo Motor Sales Construction established the brand name Iaan. The actress Kim Hee-sun is featured in Korean Iaan commercials.
In 2008, Daewoo Motor Sales was chosen to fund the joint venture company for Paramount Movie Park Korea
which will open in 2011, while Paramount will act as its licensor and manage creative development.
In 2010, Daewoo Motor Sales was dropped by General Motors
. The long-time dealership partner then signed a deal with the SsangYong Motor Company
to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of 20 billion won ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong
will also sell vehicles through private dealers.
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. It was established in 1991. Daewoo Motor Sales operates dealerships in South Korea which sell vehicles from SsangYong
SsangYong Motor Company
SsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.SsangYong was acquired by India's Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company...
, Daewoo Bus
Daewoo Bus
Daewoo Bus Corporation is a manufacturer of buses. headquartered in Busan, South Korea, established in 2002. These buses are primarily used for public transportation. Daewoo Bus is South Korea's second-largest bus manufacturer, and has been in parnership with GM Daewoo since 2006...
, and Tata Daewoo Commercial Vehicle
Tata Daewoo Commercial Vehicle
Tata Daewoo is a commercial vehicle manufacturer headquartered in Gunsan, Jeollabuk-do, South Korea and owned by Tata Motors. It is the second-largest heavy commercial vehicle manufacturer in South Korea....
. In the past, Daewoo Motor Sales has sold vehicles from GM Daewoo
GM Daewoo
GM Korea Company is South Korea's second largest automobile manufacturer and is a division of the General Motors Company. GM Korea's roots go back to the former Daewoo which was split from its parent company, Daewoo Group, in 2001...
, Cadillac
Cadillac
Cadillac is an American luxury vehicle marque owned by General Motors . Cadillac vehicles are sold in over 50 countries and territories, but mostly in North America. Cadillac is currently the second oldest American automobile manufacturer behind fellow GM marque Buick and is among the oldest...
, and Saab
Saab Automobile
Saab Automobile AB, better known as Saab , is a Swedish car manufacturer owned by Dutch automobile manufacturer Swedish Automobile NV, formerly Spyker Cars NV. It is the exclusive automobile Royal Warrant holder as appointed by the King of Sweden...
. Its subsidiaries operate dealerships that sell passenger vehicles from Volkswagen
Volkswagen
Volkswagen is a German automobile manufacturer and is the original and biggest-selling marque of the Volkswagen Group, which now also owns the Audi, Bentley, Bugatti, Lamborghini, SEAT, and Škoda marques and the truck manufacturer Scania.Volkswagen means "people's car" in German, where it is...
, Audi
Audi
Audi AG is a German automobile manufacturer, from supermini to crossover SUVs in various body styles and price ranges that are marketed under the Audi brand , positioned as the premium brand within the Volkswagen Group....
, and Chrysler
Chrysler
Chrysler Group LLC is a multinational automaker headquartered in Auburn Hills, Michigan, USA. Chrysler was first organized as the Chrysler Corporation in 1925....
. It is the largest motor sales company in Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
.
Daewoo Motor Sales is a partner in MMSK Corporation, a joint venture involved in the import and distribution of vehicles from Mitsubishi Motors
Mitsubishi Motors
is a multinational automaker headquartered in Minato, Tokyo. In 2009 it was the fifth-largest Japan-based automaker and the 17th-largest in the world measured by production...
. 85% of the venture is owned by Daewoo Motor Sales, with the remaining 15% owned by Mitsubishi Corp and Mitsubishi Corp (Korea) Ltd. Retail sales in South Korea of Mitsubishi cars imported from Japan and the U.S. commenced in the second half of 2008. MMSK Corporation stopped importing U.S.-sourced Eclipse coupes a few years later.
Daewoo Motor Sales also operates Seoul Auto Auction, South Korea's largest auto auction. It also operates a network of pre-owned car dealerships.
In 1996, Daewoo Motor Sales Construction established the brand name Iaan. The actress Kim Hee-sun is featured in Korean Iaan commercials.
In 2008, Daewoo Motor Sales was chosen to fund the joint venture company for Paramount Movie Park Korea
Paramount Movie Park Korea
Paramount Movie Park Korea is a theme park and resort complex that was scheduled to open in Incheon, South Korea in 2011, however construction has yet to start.-Overview:...
which will open in 2011, while Paramount will act as its licensor and manage creative development.
In 2010, Daewoo Motor Sales was dropped by General Motors
General Motors
General Motors Company , commonly known as GM, formerly incorporated as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's second-largest automaker in 2010...
. The long-time dealership partner then signed a deal with the SsangYong Motor Company
SsangYong Motor Company
SsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.SsangYong was acquired by India's Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company...
to supply new vehicles to sell (specifically the Rodius, Chairman W and Chairman H), in return for the injection of 20 billion won ($17.6 million) into the car maker still recovering from bankruptcy. The deal is non-exclusive, meaning SsangYong
SsangYong Motor Company
SsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.SsangYong was acquired by India's Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company...
will also sell vehicles through private dealers.
External links
- Daewoo Motor Sales Homepage
- MetroMotors, a Volkswagen retailer that is a subsidiary of DMS
- Daewoo Motor Sales Construction Division Homepage