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Daewoo Motor Sales
Zyle Motors (formerly, 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 buses from Zyle Daewoo Commercial Vehicle (formerly, "Daewoo Bus"). It is the largest motor sales company in Korea. History Daewoo Motor Sales was a partner in MMSK Corporation, a joint venture involved in the import and distribution of vehicles from Mitsubishi Motors. 85% of the venture was 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 Development established t ...
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Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the Brass Era car, horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, ...
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SsangYong Motor Company
The SsangYong Motor Company ( ko, 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the chaebol SsangYong Group. SsangYong Motor was then acquired by Daewoo Motors, SAIC Motor, and then Mahindra & Mahindra. In 2022, the company was acquired by the KG Group. The SsangYong name is planned to be dropped by the company in March 2023. The company main focus is sport utility vehicles (SUVs) and crossover SUVs and it is preparing for transitioning to electric cars. History Dong-A Motor (1954–1987) SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co. (). In 1964, Hadonghwan Motor Company started building Willys MB, jeeps for the United States Army, US Army as wel ...
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Vehicle Retailers
A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), watercraft (ships, boats, underwater vehicles), amphibious vehicles (screw-propelled vehicles, hovercraft), aircraft (airplanes, helicopters, aerostats) and spacecraft.Halsey, William D. (Editorial Director): ''MacMillan Contemporary Dictionary'', page 1106. MacMillan Publishing, 1979. Land vehicles are classified broadly by what is used to apply steering and drive forces against the ground: wheeled, tracked, railed or skied. ISO 3833-1977 is the standard, also internationally used in legislation, for road vehicles types, terms and definitions. History * The oldest boats found by archaeological excavation are logboats, with the oldest logboat found, the Pesse canoe found in a bog in the Netherlands, being carbon dated to 8040 ...
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Retail Companies Established In 1991
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Daewoo
Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion (equivalent to $ billion in ). Prior to the 1997 Asian financial crisis, Daewoo was the second largest conglomerate in South Korea after the Hyundai Group. There were about 20 divisions under the Daewoo Group, some of which survived as independent companies. History Beginning and development The Daewoo Group was founded by Kim Woo-choong in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School, then finished with an Economics Degree at Yonsei University in Seoul. During the 1960s, after the end of the Syngman Rhee g ...
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Tata Daewoo
Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in Gunsan, Jeollabuk-do, South Korea and a wholly owned subsidiary of Tata Motors. It is the second-largest heavy commercial vehicle manufacturer in South Korea. History The company was established in 2002 as "Daewoo Commercial Vehicle Co. Ltd", after it was spun off from parent Daewoo Motors. In 2004 it was acquired by Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company.India's Tata Motors Buys Daewoo Commercial Vehicle
By Joanna Slater on ''The Wall Street Journal'' – Feb. 18, 2004
The Tata Daewoo has a collaboration with Tata Motors its parent company in India. Tata Daewoo Korea and Afzal Motors-Pakistan signed a Technical Assistance ...
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SsangYong Chairman
The SsangYong Chairman is a full-size luxury car that was manufactured by South Korean automaker SsangYong from 1997 to 2017. The original model was renamed Chairman H in 2008, with a new model introduced in the same year and designated Chairman W. History On release to the South Korean market in 1997, the Chairman was a high-end executive sedan. Its manufacturer, SsangYong, was best known for SUVs and RVs and the Chairman has been its only sedan. The first generation Chairman was built on the Mercedes-Benz E-Class (W124) platform, but styled more like a modernized W140 S-Class. Coincidentally, the design also foretold that of the upcoming W220 S-Class, which led to some consternation at the German company. Mercedes-Benz requested that Ssangyong redesign the car to make it look less like a Mercedes-Benz and to refrain from selling it in developed export markets such as Europe and the United States. Chairman H (1997–2014) SsangYong renamed the original pre-2008 Chai ...
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General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. Its four core automobile brands are Chevrolet, Buick, GMC (automobile), GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX (engines), DMAX via joint ventures. Additionally, GM also owns the BrightDrop delivery vehicle manufacturer, GM Defense, a namesake Defense vehicles division which produces military vehicles for the United States government and military; the vehicle safety, security, and information services provider OnStar; the auto parts company ACDelco, a GM Financial, namesake financial lending service; and majority ownership in t ...
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Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ...
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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. On December 6, 2018, Mohegan Gaming & Entertainment announced the strategic partnership with Paramount Pictures to bring a Paramount-branded theme park to its Inspire Integrated Entertainment Resort area, subsequently reviving the project. It is now scheduled to open in 2025. Overview The theme park will be based on films such as '' Mission: Impossible'' and '' Lara Croft: Tomb Raider''. It will be the world's first Paramount Pictures-based theme park and resort complex, with the cost of $1.5 billion. Daewoo Motor Sales will fund the joint venture company while Paramount will act as its licensor and manage creative development. However, after financial problems, Mohegan Gaming & Entertainment revived its Paramount-branded theme park in December 2018 from Daewoo Motor Sales to bring its theme park as part of Phase 1B of I ...
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