Production delays of a new six-cylinder engine have postponed the U.S. introduction of the face-lifted Daewoo Leganza until next year.
The new Leganza, unveiled Wednesday, was to be on the market this year but will not be in showrooms until mid-2002. It is unclear whether the delay is related to Daewoo Motor's financial woes. ItalDesign provided styling direction for the face-lifted Leganza, which is already sold in the Korean market under the Magnus nameplate. But powerplant choices for Korean consumers are also limited to a four-cylinder.
The in-line six-cylinder Leganza will be priced at under $20,000, the same as the current four-cylinder Leganaza, and will feature a high level of trim.
Daewoo customers also will have to wait until summer 2002 for the U100 wedge-shaped MPV, which is powered by a 2-liter DOHC engine producing 129 hp.
The European-inspired five-seater features a Porsche-tuned suspension. Pricing for the tentatively badged U100 is expected to be under $16,000.
Unfazed by the bankruptcy of its South Korean parent, Daewoo Motor America is looking to nearly double its sales in 2001 by continuing with the current model lineup. The lineup includes the Lanos subcompact, Nubira compact (available in sedan and wagon editions) and the Leganza mid-sized sedan. The company posted 122 percent growth in 2000 with sales of 68,260 units and is looking to reach 120,000 this year.
"Daewoo Motor America is a profitable organization and Daewoo is here to stay," said Jim Thomas, director of public relations for Daewoo Motor America.