Daewoo Motors was a South Korean automotive company established in 1982, as part of the Daewoo Group. The Daewoo Group was broken up into separate companies in the wake of widespread industrial restructuring in Korea during 1999. It sold most of its assets in 2001 to General Motors, after running into financial trouble, becoming a subsidiary of the American company and being renamed GM Daewoo. Daewoo produced three models for the American market: the Daewoo Lanos, the Daewoo Leganza, and the Daewoo Nubira. Now GM Daewoo builds assorted small cars for various GM divisions, notably Chevrolet and Suzuki in the U.S. Daewoo has also become GM's outpost on the doorstep of China, the home of one of the most important styling studios in GM's worldwide system. Daewoo's are fun sporty vehicles that any used car buyer can appreciate. These models are fun, yet affordable designed to outclass other subcompacts of their era.