29-598: The Panther Kallista is an automobile produced by Panther Westwinds from 1982 to 1990. It replaced the Lima as Panther 's volume model for the 1980s. Unlike the Vauxhall -based Lima, the Kallista used Ford mechanicals, including a range of engines from 1.6 L straight-4 to 2.9 L Cologne V6 . Like its predecessor, it featured styling resembling earlier Allard and Morgan cars. The later SsangYong -built models of
58-565: A hovercraft using a pair of Honda Gold Wing 1000cc motorcycle engines; one for the lift fan and one for the directional thrust fan. This was developed in some secrecy at the home of one of the directors of the company in a barn in Surrey, with technical help at one point from a specialist race mechanic working for a Honda dealership in South London. Progress and development stopped when the company collapsed. The present location, or even existence, of
87-614: A company's political support. In the beginning, the Korean government instigated a series of five-year plans under which the chaebol were required to achieve a number of basic objectives. Daewoo did not become a major player until the second five-year plan. Daewoo benefited from government-sponsored cheap loans based on potential export profits. The company initially concentrated on labor-intensive clothing and textile industries that provided high profit margins because of South Korea's large and relatively inexpensive workforce. The third and fourth of
116-469: A glass reinforced plastic body for the Kallista, to be mounted on a chassis modified to increase interior width by 4 cm. The project was not a success although a number of wide body new 1990s Kallista models were sold in mainland Europe. SsangYong suffered financial difficulties and in 1999 their motor division was absorbed into Daewoo . In 2001, Jankel bought the Panther name back from Korean ownership. He
145-457: A modern sports car commenced in 1983 at Canada Road. A re-design of the Solo changed it from a rear drive two-seater into a four-wheel drive two-plus-two. In the spring of 1990 SsangYong announced the end of the Kallista production at Harlow, followed in the autumn by their announcement that production of the Solo would also stop. SsangYong transferred the stock of parts to South Korea where they developed
174-461: 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 $ 91 billion in 2023). Prior to
203-637: A second factory within the Brooklands racetrack in January 1984 and continued there until April 1988. In July 1987, Jindo sold their interest in the Panther Car Company to SsangYong . Another Panther car factory was opened at Harlow , Essex in February 1988 for the new Kallista convertible, and production commenced there while continuing at Brooklands. Later, development of the brand new original Panther Solo ,
232-440: A year where the group lost a total of ₩ 550 billion (equivalent to ₩876.34 billion or US$ 775.23 million in 2017) on sales of ₩ 62 trillion (equivalent to ₩98.79 trillion or US$ 87.39 billion in 2017) . At the end of 1997, South Korea's fourth-largest chaebol had a debt of nearly five times their equity. While Samsung and LG cut back in the midst of the economic crisis, Daewoo took on 40% more debt. By 1999, Daewoo,
261-425: Is now known as " Daewoo Electronics " and is focused solely on manufacturing electronics. Daewoo Electronics survives to this day, despite bankruptcy, with a new brand logo "DE", but many of the other subsidiaries and divisions have become independent or simply perished. In North America, Target stores market Daewoo Electronics products under their "Trutech" brand on an ODM basis. In 2004, General Motors pulled
290-693: The 1997 Asian financial crisis , Daewoo was the second largest conglomerate in South Korea after the Hyundai Group and behind Lucky-Goldstar (later became LG Corporation). There were about 20 divisions under the Daewoo Group, some of which survived as independent companies. 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
319-419: The 1997 Asian financial crisis , increasingly precarious relationships with the Korean government under President Kim Dae-jung , and its own poor financial management. With the Korean government in deficit, access to cheap and nearly unlimited credit was severely restricted. In 1998, when the economic crisis forced most of the chaebol to cut back, Daewoo added 14 new firms to its existing 275 subsidiaries, in
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#1733269963222348-636: The Daewoo brand of vehicles out of Australia and New Zealand, citing irreparable brand damage. Later that same year, GM announced that Daewoo Motors in Europe would be rebadged as Chevrolet on 1 January 2005. In 2005, it was announced that Daewoo cars would have a Holden badge in Australia and New Zealand. In South Africa, Thailand, and the Middle East, Daewoo models were already branded Chevrolet. In South Korea, Daewoo
377-678: The 1990s used a 2.0 L engine. The Kallista used an aluminium body over a purpose-built steel chassis. Performance was good, with a sprint to 60 mph (96.6 km/h) taking under 8 seconds. A Kallista appears in the 1987 film Timestalkers . SsangYong Motor Company released a badge engineered version in 1992 called the SsangYong Kallista . Only 77 of the SsangYong models were built. [REDACTED] Media related to Panther Kallista at Wikimedia Commons Panther Westwinds Panther Westwinds (commonly known as Panther )
406-789: The Daewoo Motor name did not appear until 1983. The Daewoo Motor brand appeared in the UK in 1995. At the time, it was the only manufacturer not using traditional dealerships – it owned and operated its own retail network. It was once considered to be among the top 10 motor companies in terms of production. Due to financial trouble, Daewoo's automotive arm, Daewoo Motors, was sold to General Motors (Korean) in 2001. The Daewoo nameplate continued in South Korea and Vietnam until 2011. The former Daewoo facilities are now producing General Motors vehicles for Asian markets. Daewoo Commercial Vehicles Division
435-582: 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 government, the new government of Park Chung Hee intervened to promote growth and development in the country. It increased access to resources, promoted exports, financed industrialization, and provided protection from competition to the chaebol in exchange for
464-525: The Milber Industrial Estate, Newton Abbot , Devon. Other examples of cars manufactured by Panther included 1975's Rio : based on the Triumph Dolomite , but appointed to " Rolls-Royce standards" – the cost of which was equivalent to three Dolomites. Another model was the three-axled Panther 6 , of which only two were manufactured. During the late 1970s, the company was engaged in developing
493-486: The automotive industry and was ranked as the seventh largest car exporter and the sixth largest car manufacturer in the world. Throughout this period, Daewoo experienced great success at turning around faltering companies in South Korea. In the 1980s and early 1990s, the Daewoo Group also produced consumer electronics, computers, telecommunication products, construction equipment, buildings, and musical instruments. Daewoo Group ran into deep financial trouble in 1998 due to
522-507: The chaebol to be more aggressive abroad. Daewoo responded by establishing a number of joint ventures with U.S. and European companies. It expanded exports of machine tools, defense products (under the S&;T Daewoo company), aerospace interests, and semiconductor design and manufacturing. Eventually, it began to build civilian helicopters and airplanes, priced considerably cheaper than those produced by its U.S. counterparts. It also expanded efforts in
551-772: The country . During explorations in 2008, Daewoo found one of the largest gas fields in southeast Asia , the Shwe offshore field, in the Bay of Bengal , about 100 km off Sittwe . The field went into production in 2013. Daewoo Group had under its umbrella several major corporations: A further subsidiary was the Daewoo Development Company, funded by cash from the Group and set up to develop hotels. Seven were built in South Korea, China, Vietnam, and Africa. They were personally designed and furnished by Kim Woo-jung's socialite wife Heeja, who
580-636: The country, according to South Korea's Yonhap News Agency. On 30 May 2006, Kim was sentenced to 10 years in prison after being convicted of fraud and embezzlement. On the last day of the trial, Kim tearfully addressed the court, "I cannot dodge my responsibility of wrongly buttoning up the final button of fate." The group was reorganized into three separate parts: Daewoo Corporation , Daewoo Engineering & Construction and Daewoo International Corporation . They are active in many markets, most significantly in steel processing, ship building and financial services. The corporate entity known as "Daewoo Corporation"
609-400: The five-year plans occurred from 1973 to 1981. During this period, the country's labor force was in high demand. Competition from other countries began eroding South Korea's competitive edge. The government responded to this change by concentrating its efforts on mechanical and electrical engineering, shipbuilding, petrochemicals, construction, and military initiatives. At the end of this period,
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#1733269963222638-483: The government forced Daewoo into shipbuilding. Kim was reluctant to enter this industry, but Daewoo soon earned a reputation for producing competitively priced ships and oil rigs. During the next decade, the Korean government became more liberal in its economic policies. Small private companies were encouraged, protectionist import restrictions were loosened, and the government reduced positive discrimination ( affirmative action ), to encourage free market trade and to force
667-583: The mid-2010s. It was progressively phased out and replaced by Chevrolet or Ravon . The Daewoo commercial vehicle manufacturer was taken over by Tata Motors . Daewoo also moved into the oil and gas industry. While Western oil and gas companies were unwilling to conduct business in Myanmar , Daewoo is one of three oil companies, along with the French company TotalEnergies and the American company Unocal , operating in
696-600: The second largest conglomerate in South Korea with interests in about 100 countries, went bankrupt, with debts of about US$ 50 billion (equivalent to $ 91 billion in 2023). Soon after the demise, Kim Woo-choong fled to Vietnam, and former Daewoo factory workers put up wanted posters with his picture. Kim returned to Korea in June 2005 and was promptly arrested. He was charged with masterminding accounting fraud of 41 trillion won (US$ 43.4 billion), illegally borrowing 9.8 trillion won (US$ 10.3 billion), and smuggling US$ 3.2 billion out of
725-602: The vehicle is unknown. The Panther Westwinds company collapsed in 1980 and was purchased by Young Chull Kim. Production of the J72 , De Ville and Lima restarted in 1981. In 1982, Young Kim's Jindo Corporation in South Korea constructed the steel chassis platform and aluminium body for a car with Ford mechanics, to replace the Vauxhall-based Lima. Production of the new two-seater to be called Kallista began at Canada Road, Byfleet , Surrey in February 1983. Production transferred to
754-467: Was a manufacturer of niche sports cars and luxury cars , based in Surrey , England between 1972 and 1990. Founded in 1972 by Robert Jankel , the Panther company initially manufactured retro-styled cars based on the mechanical components of standard production cars from other manufacturers. The Panther Lima bodyshell was manufactured from fibreglass by Industrial Marine Fibreglass (IMF), who were based on
783-450: Was chairwoman of the company. The most lavish is the 5-star Hanoi Daewoo Hotel, which cost US$ 163 million to build in 1996 and was decorated by Heeja with fine art, porcelain, sculptures, and marble. She invited 3,000 guests to the opening, including Russian President Vladimir Putin . Kim is believed to have spent time there while "on the run". Daewoo Motor Co., Ltd. was founded when the Daewoo Group purchased Saehan Motor in 1978, but
812-488: Was finalising a new sports car design when he died in 2005. His son Andrew described it as an "unfinished symphony". Production was intended to have taken place in the United States. Daewoo Daewoo ( UK : / ˈ d eɪ . uː / DAY -oo ; US : / ˌ d eɪ ˈ w uː / day- WOO ; Korean : 대우 ; Hanja : 大宇 ; IPA: [tɛ.u] ; literally "great universe" and
841-546: Was renamed GM Korea. As part of the company reorganization, the content and the structure of its brand portfolio (its brand architecture) was reorganized. In 2011, GM discontinued the Daewoo brand name in South Korea and Vietnam and replaced it with the Chevrolet brand. The brand stayed used by GM in various CIS countries where it had a strong presence such as Belarus , Tajikistan , Moldova , Kazakhstan and Uzbekistan until
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