Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

DAEWOO SAVED

Tue, 30 Apr 2002
The following press release has just come in:-

"Today (Tuesday 30 April) it has been announced that the takeover deal between Daewoo Motor in Korea and General Motors has been signed. GM is clearly planning to maintain the Daewoo brand in Europe and Daewoo Cars Ltd (DCL) management will now commence working with a GM taskforce to create a new UK sales operation."

"The terms of today's announcement indicated that DCL in the UK has not been included in the terms of the deal that relate to the transfer of the shares of individual sales companies. However, the future of the UK business is confirmed as GM and Daewoo in Korea will work with DCL to manage a prompt transition of the UK sales business to a new company."

"GM remains committed to the Daewoo brand throughout Europe and the UK and customers can be fully reassured of a continuation of sales and service provision."

So anyone with a Daewoo should stop worrying, and at auction from now onwards bidding on Daewoos should get more competitive.

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17

£186.05

48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH