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Daewoo Sales Performance Unaffected By Parent Company Reorganization

4 December 2000

Daewoo Motor America's Sales Performance Unaffected By Parent Company Reorganization

    COMPTON, Calif., Dec. 2 Daewoo Motor America demonstrated
consistent sales performance during November prior to the union agreement to
accept the terms of the company's restructuring and the recently announced
infusion of $614 million into Daewoo Motor Korea.  Daewoo remains the
"The Fastest Growing Car Company in America" with 2000 calendar year sales up
123% over 1999.
    "November began as a difficult month for Daewoo with the announcement of
the court ordered receivership for our South Korean parent company, Daewoo
Motor," stated D.J. Lee, president and CEO of Daewoo Motor America.  "As the
month progressed we were gratified that our customers, dealers and vendors in
the U.S. supported and encouraged us.  We kept them informed and assured that
Daewoo would continue and there would be no shortages of cars or parts.  Now,
very positive progress has taken place to restore Daewoo Motor Korea to
economic prominence."
    Fresh loans to Daewoo Motor Korea of $614 million have placed the company
in a very favorable position.  The Daewoo Motor Korea labor union has agreed
to implement personnel cut backs.  The court receivership plan is fully active
and it enables Daewoo Motor to be in a stronger financial position.  It will
further allow the reopening of Daewoo Motor manufacturing plants in a matter
of days.

                        November        YTD       November        YTD
                          1999                      2000

    Leganza               1574         12244        1360         23343
    Nubira                 913          7747        1317         20218
    Lanos                  679          8661        1364         20197
        Total             3166         28652        4041         63758