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Daewoo Sales Continue to Climb in May

3 June 1999

Daewoo Sales Continue to Climb in May

    COMPTON, Calif., June 2 -- Sales of Daewoo automobiles
continue to increase on a steady basis as the number of retail sales outlets
continues to grow in the U.S.
    Daewoo Motor America announced sales of 2521 units for the month of May.
The company sold 573 Lanos sub-compact models; 583 Nubira compact models and
1365 Leganza mid-size models during the 25-day sales period.
    Daewoo Motor America now has a total of 50 retail sales outlets:
25 company-owned retail stores and 25 franchise dealers. The company is
continuing its aggressive sales distribution activities with the scheduled
opening of additional company-owned stores and franchise dealers in June.
    As Daewoo moves into a market area, the company's first priority is to
establish a service network. Daewoo uses company-owned base stores, franchise
dealers, and Authorized Service Centers to perform scheduled maintenance and
warranty service. Daewoo's extensive service network now totals 333 outlets,
which includes 25 Daewoo base stores, 25 Daewoo franchise dealers, 211 Penske
Auto Centers, 57 Cross Country Group service centers and 15 independent
service centers.
    Daewoo Motor America is the U.S. automotive sales arm of Daewoo Group
based in Seoul, South Korea.

                        MONTH OF MAY             YEAR-TO-DATE

    Model            1998        1999         1998        1999

    Leganza            NA        1365           NA        3672

    Nubira             NA         583           NA        1800

    Lanos              NA         573           NA        2295

    Total              NA        2521           NA        7767