Daewoo Motor Co.'s long-awaited U.S. launch is on track for next March. That is when the South Korean automaker plans to open its first U.S. dealership in a facility that it acquired last month outside New York City.
Daewoo has acquired several other U.S. sites and plans to operate company-owned stores wherever possible.
The first store will be on the site of the former Traynor Porsche-Audi dealership in Fairfield, Conn. Daewoo bought the property in July for $2.8 million.
It is not yet clear if Connecticut franchise law will allow Daewoo to own the franchise. But a spokesman for the manufacturer said, 'In states where (Daewoo is) allowed to have factory-owned dealerships, it will.'
In states where it is illegal for a manufacturer to own a franchise, he said, 'Daewoo will comply with the law.'
The Fairfield site is one of the first properties Daewoo has purchased for its dealerships, the spokesman said. 'I don't even have list of the actual properties yet, but there are others.'
He also said Daewoo is negotiating for more.
Daewoo's U.S. product plans include selling the mid-sized Leganza at launch, to be followed by the Civic-sized Lanos and the Altima-sized Nubira.
Said the spokesman: 'They plan on launching the cars in the spring.'