Daewoo Motor America Remains Positive About Second Half of 2001

    COMPTON, Calif., July 3 "While Daewoo's June sales result
was less than expected, we remain positive that we can reach our year end
sales goals," stated D.J. Lee, president and CEO of Daewoo Motor America.  Lee
continued, "The news of the negotiations between the creditors of our parent
company and GM have had some effect on our sales, however we are confident in
our ability to sustain the business regardless of the final ownership of
Daewoo."
    Gary Connelly, Daewoo's vice president, Sales and Operations stated,
"Even with the restructuring process taking place during the past few months
our dealers and our customers have retained their optimism in the future of
Daewoo.  Our sales results remain close to the record pace of last year and we
believe we can sustain our momentum."



                   June         YTD        June          YTD
                   2000                    2001

    Leganza        2242        12117       1578        12788
    Nubira         1921        10413       1269         9516
    Lanos          2239        11057       1594         8594
      Total        6402        33587       4441        30898


    Daewoo Motor America, Inc. is based in Compton, CA and is the U.S.
subsidiary of Daewoo Motor headquartered in Seoul, Korea.  Daewoo Motor
America currently sells the subcompact Lanos, the compact Nubira and the mid
size luxury sedan Leganza through an expanding network of retail operations
nationwide, now totaling over 500 locations.

    For further information please contact Jim Thomas of Daewoo Motor America,
310-609-2254, jthomas@daewoous.com.