GM Daewoo roots go back to the former Daewoo Group which went bankrupt in 1999. It has five manufacturing facilities in Korea as well as an assembly facility in Vietnam. In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. In 2008, GM Daewoo sold in Korea and exported more than 1.9 million units, including CKD products. GM Daewoo now produces vehicles and kits for Chevrolet, Buick, GMC, Opel, Vauxhall, Holden and Suzuki that are offered in more than 150 markets on six continents. On January 20, 2011, GM Motors Co. announced that GM Daewoo would be renamed GM Korea Co. "to reflect its heightened status in global operations of GM," effective March 2011.
