Joint Venture Proposal for NewChin


Daewood Automobile Romania

DAEWOO - QUALITY AND PERFORMANCE

Daewoo Automabile Romania (DAR) was born at 5-th of january 1994 when Daewoo and Automobile Craiova had signed the agreement which made the allowance for the bigest and the most successfull Korean investment in Romania.

Daewoo cars were received very good by the romanian customers; for example in 1995 DAR had sold 50,000 Cielo cars. In 1995 the sales were 1 billion $ and in 1996 will be expected to grow.

Introducing the all-new Cielo, the small Daewoo car that really lets you express youreslf. Driving Cielo is such a pleasure, you will want to take the long way home for the sheer enjoyment of its great ride and handling. You'll be captivated by sleek areodynamic lines wich actually work for you to improve driving stability and handling.

AIMS OF THE PROJECT

The aim of the project is to achieve a joint-venture partnership between DAR and NEWCHIN, to manufacture compact cars in China. This initiative is justified both by the absorbtions potential of the Chinese market and DAR's desire for penetrating it.

DESIRED CAR TECHINCAL CARACTERISTICS

Dimensions:

overall length (mm) 4482
overall width (mm) 1662
overall height (mm) 1393
wheelbase (mm) 2520
seating capacity 5
weight (kg) 1025
fuel tank capacity (l) 50
tyres 155(175)/70R13T

Engine:

Suspension:

front independent MacPherson
rear dual link with coil springs

Breakes:

sytem dual-circuit power-assisted with pressure control valve
front ventilated disc
rear drums

Equipment:

transmition 5 speed manual overdrive
AM/FM stereo cassette with 4 speakers

PLANT YEARLY PRODUCTION CAPACITY

We sugest to manufacture 30,000 cars/year, but our offer is very flexible depending on NEWCHIN proposal. We consider this production capacity will be obtained in 1998.

TYPE OF OWNERSHIP SOUGHT

DAR is a joint firm, 51% from shares belong to DAEWOO INDUSTRIES and 49% to Automobile Craiova. So the DAR-NEWCHIN partnership will be a joint firm, private and public.

FINANCING, TAX INCENTIVES

The financing will be ensured by DAR from it's own resources, making allowance for our large development fund.

PLANT LOCATION PREFERENCES

We suggest Hong Kong as the plant location, but we are ready to accept other offers from NEWCHIN.

Looking forward for a positive answer,

Daewoo Automobile Romania


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