Interestingly enough, GMDaewoo seems to be about the only thing other than SAIC-GM of China (50% owned by GM) that makes any money worldwide, in nations with any growth prospects. So it would be highly ironic if GMDaewoo is the only thing left if GM goes Tango Uniform/chapter 7. I think GM-Holden (a wholly owned subsidiary of GM USA) holds 40% of GMDaewoo, Suzuki holds a little bit (even though GM has virtually sold out of Suzuki).

GM has the anti-midas touch. Nearly everything GM has touched in the past 35 years has turned into a turd.

Isuzu. Suzuki (which managed to stop the full transmorgafication into turdiness by getting out of GM’s orbit “jut in time”). Saab. The FIAT deal. Subaru (see Suzuki). Melding Saturn back into the mother company (mistake).

GM managed to not screw up Subaru much, amazingly. The main problem was that they didn’t do a damned thing with it when it was in their orbit, other than the Saabaru.

As for Daewoo, that actually is working out for GM (amazingly, considering how much of a low-mileage penalty box bag of dog turds their products are). Basically, they build cheap cars for poor people. This is a viable business model (see the Tata Nano for another example), provided you can keep costs low to match.

Until fall of 2005 GM held a 20% stake in Subaru.

Aside from the “Saabaru” (selling a badge engineered Impreza as the 9-2) GM thankfully did little to work their magic on Subaru.

Subaru is now a distant satellite of Toyota, hence all the fan boy forth about the Toyoarbu Coupe.

Yes, GM had a 50% share in Daewoo, back in front-drive Pontiac Lemans days, only to sell it all, then to realize later they HAD to have a presence in Asia and bid the highest for the wreckage of the then-bankrupt firm.

To the list you could also add Detroit Diesel, Frigidaire…

Why you leave out Daewoo?

I guess it works for the majority of its shareholders – slowly destroy the company with ignorant and terrible management but throw dividends their way and most are happy.