The Saehan Motor Company was a South Korean automobile manufacturer founded in 1976, which was born on the collaboration of Shinjin Industrial Company and General Motors to introduce their products on the South Korean market. Saehan was born on the former "General Motors Korea", which encountered difficulties when the South Korean market collapsed, following the first round of oil rises in 1973.[2] This joint-venture, 50-50 between GM and Shinjin, consisted on a car assembly plant in Bupyong, a truck assembly plant in Pusan and a foundry at Incheon.[3] In November 1976, Shinjin Motors faced financial problems and sold its 50% stake in Saehan to the Korea Development Bank (KDB). In 1978, the Daewoo Group acquired the equity stake and management rights from KDB. The company was renamed Daewoo Motor Co. in January 1983.[4]
The company origins can be traced back to National Motors, a company established in 1937 in Bupyeong-gu, Incheon, South Korea. Its name was changed to "Saenara Motor" in November 1962. Saenara was assembling and selling Datsun Bluebird P310s.[5] Very first automobile company in Korea, Saenara was equipped with modern assembly facilities, and was established after the Automobile Industry Promotion Policy was announced by the South Korean government in 1962.[6] Saenara Motor was then bought by Shinjin Industrial in 1965, which changed its name to Shinjin Motor after establishing collaborations with Toyota. Shinjin's range included various Toyota models, such as the Publica, T40 Corona and Crown.
After Toyota's withdrawal from its Korea investment in 1972, Shinjin Motors started a joint venture with American General Motors under the name "General Motors Korea" (GMK). Nevertheless, soon after the alliance, GM showed disconformity with Shinjin's management and in 1976 GM asked the Korean Government (through the US Embassy in Seoul) to find another partner. As the Shinjin Group was experiencing financial problems its shares in GMK were sold to the Korea Development Bank. As a result, the company's name was changed to Saehan Motor Company Ltd".[1] GMK shortly sold their Rekord model under the GMK marque, together with the Holden Torana based Chevrolet 1700. When GMK was renamed to Saehan, the 1700 became Saehan Camina.[7]
Saehan's range was composed of diverse GM models: the Saehan Gemini was based on 1974 Isuzu's Bellett Gemini, then replaced by the Maepsy (known as Saehan Bird for export), which was a development of the Gemini.[8] It had a pickup derivate, the Saehan Max. Saehan also marketed the Opel Rekord E and created later, on this basis, their Royale Series, composed of the Royale Diesel, Royale Automatic and Royale Salon models.
^It was a joint venture established by local Shinjin Motors and General Motors, not related to the GM Korea established in 2002 after the Daewoo's bankruptcy.[1]
^ abcBroken Strategic Alliance: A Case of Daewoo-GM Joint Venture at the SNU Open Repository
^Keller, W.W.; Samuels, R.J. (2003). Crisis and Innovation in Asian Technology. Cambridge University Press. p. 117. ISBN9780521524094. Retrieved 2015-04-05.
^"The Fall of Daewoo Motors|Business Strategy|Case Study|Case Studies". icmrindia.org. Retrieved 2015-04-05.
^. carcatalog2.free.fr. Archived from the original on 2013-11-12. Retrieved 2015-04-05.
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January 06, 2023
saehan, motors, saehan, motor, company, south, korean, automobile, manufacturer, founded, 1976, which, born, collaboration, shinjin, industrial, company, general, motors, introduce, their, products, south, korean, market, saehan, born, former, general, motors,. The Saehan Motor Company was a South Korean automobile manufacturer founded in 1976 which was born on the collaboration of Shinjin Industrial Company and General Motors to introduce their products on the South Korean market Saehan was born on the former General Motors Korea which encountered difficulties when the South Korean market collapsed following the first round of oil rises in 1973 2 This joint venture 50 50 between GM and Shinjin consisted on a car assembly plant in Bupyong a truck assembly plant in Pusan and a foundry at Incheon 3 In November 1976 Shinjin Motors faced financial problems and sold its 50 stake in Saehan to the Korea Development Bank KDB In 1978 the Daewoo Group acquired the equity stake and management rights from KDB The company was renamed Daewoo Motor Co in January 1983 4 Saehan Motor CompanyTypeJoint ventureIndustryAutomotivePredecessorGeneral Motors Korea 1972 76 n 1 Founded1976FounderGeneral MotorsGovernment of South Korea 1 Defunct1982 41 years ago 1982 FateAcquired by Daewoo Group in 1978SuccessorDaewoo MotorsHeadquartersBupyeong South KoreaProductsEntry Level vehiclesParentKorea Development Bank 1976 78 Daewoo Group 1978 82 Saehan MotorsHangul새한 자동차Hanja새한 自動車Revised RomanizationSaehan JadongchaMcCune ReischauerSaehan Chadongch a Contents 1 History 2 Models 2 1 Cars 2 2 Buses 2 3 Trucks 3 Notes 4 ReferencesHistory EditThe company origins can be traced back to National Motors a company established in 1937 in Bupyeong gu Incheon South Korea Its name was changed to Saenara Motor in November 1962 Saenara was assembling and selling Datsun Bluebird P310s 5 Very first automobile company in Korea Saenara was equipped with modern assembly facilities and was established after the Automobile Industry Promotion Policy was announced by the South Korean government in 1962 6 Saenara Motor was then bought by Shinjin Industrial in 1965 which changed its name to Shinjin Motor after establishing collaborations with Toyota Shinjin s range included various Toyota models such as the Publica T40 Corona and Crown After Toyota s withdrawal from its Korea investment in 1972 Shinjin Motors started a joint venture with American General Motors under the name General Motors Korea GMK Nevertheless soon after the alliance GM showed disconformity with Shinjin s management and in 1976 GM asked the Korean Government through the US Embassy in Seoul to find another partner As the Shinjin Group was experiencing financial problems its shares in GMK were sold to the Korea Development Bank As a result the company s name was changed to Saehan Motor Company Ltd 1 GMK shortly sold their Rekord model under the GMK marque together with the Holden Torana based Chevrolet 1700 When GMK was renamed to Saehan the 1700 became Saehan Camina 7 Saehan s range was composed of diverse GM models the Saehan Gemini was based on 1974 Isuzu s Bellett Gemini then replaced by the Maepsy known as Saehan Bird for export which was a development of the Gemini 8 It had a pickup derivate the Saehan Max Saehan also marketed the Opel Rekord E and created later on this basis their Royale Series composed of the Royale Diesel Royale Automatic and Royale Salon models Models EditCars Edit 1982 Maepsy Camina wagon Rekord Elf Camina n 2 Gemini Maepsy n 3 Rekord n 3 n 4 Buses Edit BU110 n 5 BF101 n 6 BD101 BL064Trucks Edit 8t Dump 11t Cargo Elf n 7 Notes Edit It was a joint venture established by local Shinjin Motors and General Motors not related to the GM Korea established in 2002 after the Daewoo s bankruptcy 1 rebadged Holden a b rebadged Daewoo Sold in diesel and automatic transmission versions based on the Isuzu BU based on mid and double entry doors rebadged Isuzu References Edit a b c Broken Strategic Alliance A Case of Daewoo GM Joint Venture at the SNU Open Repository Keller W W Samuels R J 2003 Crisis and Innovation in Asian Technology Cambridge University Press p 117 ISBN 9780521524094 Retrieved 2015 04 05 The Fall of Daewoo Motors Business Strategy Case Study Case Studies icmrindia org Retrieved 2015 04 05 simi25 carcatalog2 free fr Archived from the original on 2013 11 12 Retrieved 2015 04 05 Short lived Saenara sedan earned a place in history books http joongangdaily joins com article view asp aid 2907920 BESTA COACH 9 Buscar co kr Archived from the original on 2009 04 23 Retrieved 2009 11 22 Camina 1976 8 Autocade 2009 07 27 Retrieved 2009 11 22 Saehan Maepsy Autocade 2009 07 24 Retrieved 2009 11 22 Wikimedia Commons has media related to Saehan Motors Retrieved from https en wikipedia org w index php title Saehan Motors amp oldid 1131594678, wikipedia, wiki, book, books, library,
