South Korea's top steelmaker POSCO signed a final deal Monday to buy a 68 percent stake in trading and energy firm Daewoo International for 3.37 trillion won (2.83 billion dollars), officials said. economictimes.indiatimes.com | 8/30/10 4:58 AM

SEOUL -(Dow Jones)- Creditors of Daewoo International Corp. (047050.SE) have agreed to sell their 68% stake in South Korean trading and resources company to steelmaker Posco (005490.SE) for about KRW3... story.venezuelastar.com | 8/30/10 2:25 AM

South Korea's Daewoo Shipbuilding and Marine Engineering said Tuesday it had signed a 1.8 billion dollar deal to build a floating oil production and storage platform for French... feedproxy.google.com | 8/24/10 7:17 AM

SEOUL -(Dow Jones)- Iranian home appliance maker Entekhab Industrial Group plans to submit a final offer of around KRW580 billion ($487.9 million) for South Korea's Daewoo Electronics Co. Tuesday, a p... story.venezuelastar.com | 8/24/10 6:30 AM

Creditors of South Korea's Daewoo Electronics Co. is about to ink a deal to sell the company to an Iranian home appliance maker, local media reported Tuesday. According to local media reports, Iran's Entekhab Industrial Group was picked as the preferred bidder by Daewoo's creditors, including Woori Bank. The creditors are planning to dispose of their combined 97.5 percent stake in the electronics company, most of which they acquired as the result of a debt-equity swap while the company wen ... english.people.com.cn | 8/24/10 12:31 AM

Malatswae is a small, isolated Basarwa settlement, situated on the outskirts of the Central District of Botswana. It is located approximately 7km from Daewoo-Makoba cordon fence gate, which lies along... sundaystandard.info | 8/19/10 7:08 PM

Filed under: Chevrolet, GM

General Motors ' Service and Parts Operations website has published a pair of new documents for decoding 2011 model year Vehicle Identification Numbers (VIN) which reveal several new engines. The passenger car list includes a pair of small inline-fours of 1.0 and 1.2-liters displacement. Both engines are listed as port-injected, dual-overhead-cam units from the automaker's South Korean operations, GM Daewoo Automotive Technologies (GMDAT). We're assuming that these are the engines for the Spark mini-car that is due to arrive on our shores sometime during the coming year.

Also on the car list are a pair of 1.6-liter fours listed at 80 and 82 kilowatts. The 80 kW unit matches the 108 horsepower output of the current Aveo engine, so presumably it's a carryover until the new model arrives early in next year. That car is expected to use 110 hp (82 kW) version.

Finally, in the light-duty truck list, there is a 177 horsepower 2.2-liter diesel inline-four. GM has made clear that it has no plans to offer any light-duty diesel engines in the States, so we assume that this is for an export market vehicle, likely the Chevrolet Colorado pickup. The decoder guides are after the jump . A tip of the hat to xeong5!



[Source: General Motors Service and Parts Operations ]

Continue reading General Motors 2011 VIN decoder reveals new 1.0L, 1.2L, 1.6L four cylinder engines

General Motors 2011 VIN decoder reveals new 1.0L, 1.2L, 1.6L four cylinder engines originally appeared on Autoblog on Wed, 18 Aug 2010 18:58:00 EST. Please see our terms for use of feeds.

Permalink  | Email this  | Comments www.autoblog.com | 8/18/10 11:28 PM

Daewoo Engineering & Construction landed a deal to build a power plant in Libya worth 511.6 billion won , even as the two countries are in the middle of a diplomatic contretemps over a Korean agent s spying in Tripoli.

www.topix.net | 8/7/10 9:56 AM

South Korea's Daewoo Engineering and Construction Company has bagged a 510 billion won ($438 million) contract to build a power plant in Libya. story.venezuelastar.com | 8/7/10 9:40 AM

" Eight families of Vietnamese women and Korean men met at the Hanoi Daewoo Hotel on July 29 as part of their trip to Vietnam.

www.topix.net | 8/3/10 4:34 PM

Un accord a été signé, au début de cette semaine, à Tunis, entre la compagnie tunisienne de Navigation (CTN) et le groupe Coréen "Daewoo ... www.babnet.net | 7/29/10 11:05 AM

Hyundai Heavy Industries Co. rose to the highest in almost two years on better-than-expected profit and speculation about a pick-up in ship orders following a contract for Daewoo Shipbuilding & Marine Engineering Co. www.businessweek.com | 7/22/10 7:18 AM

Filed under: Government/Legal, Hyundai, Kia, South Korea

Talk to most analysts in the auto world, and they'll say that the recent rise of South Korean automakers like Hyundai and Kia have been an absolute blessing to the industry as a whole. Consumers now have an array of quality, inexpensive products, extra jobs have landed in rural areas of the deep south thanks to American-based manufacturing facilities and the competition from low-priced models have forced domestic manufacturers to up their game.

But not everyone's thrilled about the balance of automotive trade between the two nations. According to The Detroit News , senators Debbie Stabenow, D-Michigan, and Sherrod Brown, D-Ohio, recently wrote to the Obama administration in order to urge the President to take a hard line on the South Korean Free Trade Agreement.

The two senators aren't taking issue with Korean products here in the U.S., they simply think it's unfair that South Korea has a moratorium on importing any vehicles into the country. The senators want American companies to have the opportunity to do business on the peninsula - something that most automakers, with the exception of General Motors , have been pushing for since before the second President Bush was in office. GM, meanwhile, owns Korean automaker Daewoo , so it has no problem dealing with the current ban on auto imports.

For its part, Obama administration has said that it will once again open talks about the free trade agreement in hopes of making more American goods available in the global market.

[Source: The Detroit News | Image: Ted Aljibe/AFP/Getty Images]

Michigan and Ohio senators demand Obama gets tough on South Korean auto importing originally appeared on Autoblog on Tue, 20 Jul 2010 14:28:00 EST. Please see our terms for use of feeds.

Permalink  | Email this  | Comments www.autoblog.com | 7/20/10 7:28 PM

Daewoo plans to buy a stake in a company in which President Zuma's nephew is a partner. iafrica.com | 7/15/10 6:00 AM

Kuwait on Monday signed a 142- million-dollar contract with South Korea's Daewoo Shipbuilding and Marine Engineering Co. to build two vessels for petroleum products. State-owned Kuwait Oil Tanker Company (KOTC) said each of the tankers has a designed storage capacity of 110,000 tons and would be delivered in 2012. Monday's contract was part of KOTC's strategy to raise its fleet to 33 tankers, the official KUNA news agency reported. KOTC's Managing Director Nabil Bouresli said Daewoo had ... english.people.com.cn | 6/29/10 2:04 AM

An Egyptian man is in a critical condition after suffering multiple fractures when his car slammed into an oncoming van yesterday morning. Sources said it was not yet clear why the Daewoo Cielo, driv... feeds.caironews.net | 6/19/10 9:09 AM

An Egyptian man is in a critical condition after suffering multiple fractures when his car slammed into an oncoming van yesterday morning. Sources said it was not yet clear why the Daewoo Cielo, driv... story.arabherald.com | 6/19/10 9:09 AM

It's sobering how close Volvo and Saab came to joining Mercury, Pontiac, Saturn, Hummer, Plymouth, Isuzu, Daewoo and Oldsmobile on the lengthening list of recently shuttered brands.

www.topix.net | 6/19/10 7:24 AM

Strike at Romania's Main Shipyard Bucharest Port of Mangalia Around 1,000 workers went on strike on Monday at Daewoo shipyard in Mangalia, on the Black Sea, asking for an increase in wages and better working conditions.

www.topix.net | 6/15/10 3:34 PM

A senior Chinese official lauded in Cario Monday the successful cooperation between a famous Chinese car company and Daewoo Motors Egypt .

www.topix.net | 6/8/10 4:15 AM

A senior Chinese official lauded in Cario Monday the successful cooperation between a famous Chinese car company and Daewoo Motors Egypt (DME). Wang Gang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, visited the DME plant in the western outskirts of Cairo on Monday. The Chinese official said the cooperation between China's Chery Automobile and DME has contributed to pushing forward the trade and economic cooperation between the two countries, an ... english.people.com.cn | 6/8/10 3:29 AM

South Korea's POSCO said on Tuesday it had signed a preliminary agreement to buy Daewoo International, in what could become its biggest acquisition to date as the steelmaker looks to secure raw materials and boost overseas sales. economictimes.indiatimes.com | 5/25/10 9:47 AM

South Korea's largest steelmaker POSCO on Friday moved closer to securing a controlling stake in trading and resources company Daewoo International in a deal reportedly worth about $3 billion. economictimes.indiatimes.com | 5/14/10 10:27 AM

Posco Chief Executive Officer Chung Joon Yang may make his biggest acquisition with the offer for Daewoo International Corp., securing mining assets as rising costs spur competition for raw material supplies. www.businessweek.com | 5/13/10 9:40 PM

Daewoo International Corp. rose the most in seven months in Seoul trading after South Korean media reported Posco may be the preferred bidder for the trading company with a 3.4 trillion won ($3 billion) offer. www.businessweek.com | 5/10/10 2:39 AM

Holding company Israel Corp said on Sunday its subsidiary, OPC Rotem, had signed a letter of intent to hire South Korea's Daewoo as contractor to build the Rotem power plant in Israel's Negev desert. www.dnaindia.com | 5/9/10 10:55 AM

Steelmaker Posco and retail-focused Lotte Group submitted final bids on Friday to buy up to 68% of Daewoo International. www.dnaindia.com | 5/8/10 3:02 PM

Steelmaker POSCO Co Ltd and Lotte Group put in final bids for South Korean energy developer Daewoo International on Friday, the two companies said, in a deal estimated to fetch about $3 billion. economictimes.indiatimes.com | 5/7/10 9:00 AM

South Korea's Daewoo Engineering & Construction Co. said Tuesday that it has won an order worth 272 million U.S. dollars to build an oil storage facility in the United Arab Emirates (UAE).The agreement with Takreer, an affiliate of Abu Dhabi Oil Refining Co., will give Daewoo Engineering exclusive rights to build the facility consisting of 16 oil storage tanks in an area near Abu Dhabi, the capital of UAE, by November 2012, as it will oversee the whole engineering, procurement, and construct ... english.people.com.cn | 5/4/10 7:23 AM

Filed under: Sedan, Luxury, South Korea, Daewoo

General Motors may be shying away from badge engineering here in the United States, but that doesn't mean the company is giving up its old ways in other parts of the world. Daewoo recently unveiled its new Alpheon sedan at the Busan International Motor Show in Korea, and the car is as identical as identical gets to the 2010 Buick LaCrosse we all know and love. The Korean automaker says that its newest luxury cruiser is "based on the same architecture" as the mid-size Buick, though we would be more inclined to say Xerox couldn't come up with a better copy.

Under the hood, Korean buyers will find the same mid-range 3.0-liter gasoline V6 that American buyers enjoy. As near as we can tell, the only significant difference is that the Tri-Crest badge has been ditched in favor of a Daewoo piece. At least they went that far.

The Alpheon/LaCrosse joined the debut of the Orlando MPV on stage at Busan. According to Daewoo, the sedan will hit dealers mid-way through this year. Hit the jump for the full press-release.



[Source: Daewoo]

Continue reading Buick LaCrosse rebranded as Daewoo Alpheon in South Korea

Buick LaCrosse rebranded as Daewoo Alpheon in South Korea originally appeared on Autoblog on Fri, 30 Apr 2010 12:59:00 EST. Please see our terms for use of feeds.

Permalink  | Email this  | Comments www.autoblog.com | 4/30/10 5:59 PM

Filed under: Marketing/Advertising, Chevrolet, GM, South Korea, Daewoo

General Motors decided several years ago to begin heavily promoting Chevrolet as its global mainstream brand even in markets where its existing brands like Opel and Daewoo were a dominant force. Today, at the Busan Motor Show in South Korea, GM Daewoo president Mike Arcamone announced that the Camaro would lead the way in GM's efforts to market Chevrolet in South Korea.

For now at least Chevrolet and Daewoo-branded vehicles will coexist in the Korean market. However, while we were in China last week GM officials told us that the Daewoo brand, which has been somewhat tainted by past quality issues, would eventually be phased out in favor of Chevrolet. When the new Aveo launches next year it will likely be badged as a Chevrolet even though GM Daewoo is in charge of engineering the car.

[Source: General Motors]

Continue reading Pushing Back: GM expanding Chevrolet into Korea, Daewoo out

Pushing Back: GM expanding Chevrolet into Korea, Daewoo out originally appeared on Autoblog on Thu, 29 Apr 2010 17:32:00 EST. Please see our terms for use of feeds.

Permalink  | Email this  | Comments www.autoblog.com | 4/29/10 10:32 PM

As the nation anticipate a better business environment in the aftermath of the global credit crunch, Ibrahim Boyi, the Managing Director of Eterna Plc, elaborates its effects on the oil and gas industry and justifies the reason why his company opted for a three year bond from Daewoo Securities International. He spoke with Dotun Ibowoye. allafrica.com | 4/5/10 6:11 PM

Swedish white goods firm Electrolux has lodged a bid to takeover South Korea's Daewoo Electronics, a spokesperson for the firm said on Thursday. www.thelocal.se | 3/25/10 7:20 PM

South Korea's Daewoo Electronics Co. will likely be handed over to a new owner as its creditors plan to complete the sale process by August, local media reported Thursday. According to Yonhap News Agency, creditors of South Korea's third-largest electronics firm plan to settle a formal sale contract by August, with Swedish home appliance maker Electrolux and Iranian rival Entekhab Industrial Group picked as preferred bidders on Wednesday. Creditors hold a total of 97.5 percent stake in the ... english.people.com.cn | 3/25/10 5:52 AM

Swedish-based home appliances group Electrolux is a preferred bidder for Daewoo Electronics. news.bbc.co.uk | 3/24/10 2:56 PM

Swedish-based home appliances group Electrolux is a preferred bidder for Daewoo Electronics. news.bbc.co.uk | 3/24/10 2:56 PM

GM Daewoo Auto & Technology, South Korean subsidiary of General Motors is preparing to recall 60,000 vehicles due to manufacturing defects, announced Sunday the government and the manufacturer.

www.topix.net | 3/23/10 12:28 PM

SEOUL: GM Daewoo, the South Korean subsidiary of US car giant General Motors, today recalled more than 58,000 vehicles because of defects, in the latest blow to Asia's crisis-hit auto industry. ... story.venezuelastar.com | 3/22/10 6:41 PM

HONG KONG -- South Korea's GM Daewoo Auto & Technology Co. will recall 58,700 vehicles, including its Winstorm sport-utility vehicle, a compact sedan and a light-utility vehicle, according to a publi... story.venezuelastar.com | 3/22/10 9:24 AM

The South Korean government on Sunday said it ordered GM Daewoo Auto & Technology Co. (GM Daewoo) to recall a total of 58,696 sport-utility vehicles (SUV), compact sedans and microvans in South Korea. The Ministry of Land, Transport and Maritime Affairs said steering wheels of Winstorm were found to separate from the vehicles if there is an impact, and a defect also was found in fuel hoses of the Lacettis. As for DAMAS, its interior decoration is not up to the satety standards, it added. T ... english.people.com.cn | 3/21/10 11:19 PM

FILE - In this March 17, 2006 file photo released by the GM Daewoo, GM's Chairman and CEO Rick Wagoner, thrid from right, poses with GM Daewoo's President and CEO Nick Reilly, second from right, next ... story.venezuelastar.com | 3/21/10 10:44 PM

SEOUL: GM Daewoo, the South Korean subsidiary of US car giant General Motors, recalled more than 58,000 vehicles on Sunday because of defects, in the latest blow to Asia's crisis-hit auto industry.... story.venezuelastar.com | 3/21/10 7:19 PM

GM Daewoo, the South Korean subsidiary of US car giant General Motors, recalled more than 58,000 vehicles on Sunday because of defects, in the latest blow to Asia's crisis-hit auto industry. timesofindia.indiatimes.com | 3/21/10 6:36 PM

The South Korean government on Sunday said it ordered GM Daewoo Auto & Technology Co. (GM Daewoo) to recall more than 58,000 sport-utility vehicles and compact sedans in South Korea. &$&$Source: Xinhua&$ &$ ... english.people.com.cn | 3/21/10 12:00 PM

FILE - In this March 17, 2006 file photo released by the GM Daewoo, GM's Chairman and CEO Rick Wagoner, thrid from right, poses with GM Daewoo's President and CEO Nick Reilly, second from right, next ... story.venezuelastar.com | 3/21/10 10:24 AM

South Korea’s GM Daewoo, a subsidiary of US carmaker General Motors has announced the recall of 58,696 vehicles due to manufacturing defects. The recall affects Winstorm, Lacetti Premiere and Damas high-end models. www.france24.com | 3/21/10 10:00 AM

SEOUL -(Dow Jones)- State-run debt-clearing house Korea Asset Management Corp. said Friday that it has allowed three companies to join the final bid for a stake in Daeweoo International Corp. (047050... story.venezuelastar.com | 3/19/10 10:32 AM

Shanghai General Motors (SGM) announced it will recall more than 2,000 imported Captiva jeeps, citing a potentially dangerous defect. The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) released a bulletin March 12 stating that the jeeps manufactured by GM Daewoo have an incomplete connection between the steering column and intermediate shaft which may lead to a steering malfunction. The same day, the Defective Products Management Center of the AQSIQ approved ... english.people.com.cn | 3/15/10 10:54 AM

SEOUL -(Dow Jones)- Posco (005490.SE) and Lotte Group (LOT.YY) have separately joined the preliminary bid for a stake in Daeweoo International Corp. (047050.SE), a South Korean trading and resource d... story.venezuelastar.com | 3/15/10 9:43 AM

Shanghai GM is recalling 2,065 Chevrolet Captivas imported from South Korea, China's quality supervision agency said. The vehicles, made by GM Daewoo Automotive and Technology before the end of 2007, were at risk of steering malfunctions, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIC) said Friday. &$&$Source: Global Times &$ &$ ... english.people.com.cn | 3/15/10 6:15 AM