Bought a 2002 Lanos 2 years ago. 17,000 miles and now through 2 plus years in AZ heat, I am at 39,000 miles.
The motor is built by GM/Holden in Australia and is not "high-tech" like a Honda or Toyota with variable timing. I however run it hard and it has the AUTO Overdrive 4T40E Transmission (build by GM Canada and is also in the Grand Am, Alero, and that GM platform. Not a foreign motor or tranny folks. GM has been in bed with Daewoo Motor way back in 1988 with the Pontiac LeMans.
The people I hear of with issues on the Lanos are people that in my opinion have not a clue about automobile mantenence or up-keep. If you buy a Deawoo, you have to be savvy on the net to buy parts and be able to properly install and maintain the vehicle yourself.
I just bought a bunch of OEM GM/DAEWOO parts. A thermostat housing, timing belt, idler, tensioner, water pump, all for under $170... Let me ask those of you with Civics or anything else for that matter, what these parts would cost you and how much tech school do you need to crack the timing cover?...
This is a basic simple car that when treated right, and maintained meticulately, will turn you some basic RELIABLE transportation. Plan on runnning it into the ground, and it just doesn't tolerate it like a Corolla or Civic... But then again, you can buy a low mileage Daewoo for about $2000 or less.
For what it's worth, the Chevy Aveo is the same platform as the Lanos, built in the same factory. Deawoo America did not go under because of poor quality. They filed bankruptcy because of 2 main things. The CEO of Daewoo Korea took a bunch of money and RAN while all the undermanagement was reeling to keep parts suppliers paid, and the militant labor union/workers happy, and once GM saw Daewoo Korea vulnerable, they used their asian influence to take the company over while under bankruptcy.
The actual plant that made the Lanos is the only Daewoo plant not fully controlled by GMDAT. If you are a turn-key operator who needs a dealer for all your service needs, then seeing that 90% of all dealers liquidated cars, parts and turned-off their Daewoo Service Computers, you might not want to buy one unless you want to put in the time to educate yourself on the cars, get a service manual, and spend some time on the daewoo forums to find out the nick-nack issues they have and prepare for them. Afterall, the little basic low-tech Lanos is built decent.
GM I quote them as saying about the buyout, "Daewoo has the capability of keeping tolerances down to a few millimeters, and that alone was worth the price we paid for the organization."... Folks there were some good engineers that built the Lanos. The Koreans are also doing quite well in the micro-electronic and semi-conductor industry. Stands to reason they can build Hyundai, Kia, and Daewoo... Peace.
Quote: "I just bought a bunch of OEM GM/DAEWOO parts. A thermostat housing, timing belt, idler, tensioner, water pump, all for under $170..."
Sounds incredible. How can one get an address to such spare part sales spot?
42 mpg when you are using "imperial" gallons and not American standard unit of measurement. And that kind of gas mileage is achieved on a straight road without stopping and with the car running around 55 miles per hour constantly for 300 miles with no wind, a level road, no traffic, and without stopping.
The Daewoo Kalos used to get terrible gas mileage until 2009 when Daewoo updated the 1.6 liter engine with one that offers variable valve timing. The engine is far superior now "Eco-tech". Only it's one step below Honda/Toyota which use 0W20 weight synthetic blend oil. The 2009 Daewoo 1.6 engine still uses 5W30 mineral oil. The lighter oil of Honda goes to show that it uses tighter clearances and closer tolerances. In other words, it's designed and built better. Which costs more money for the consumer for initial purchase price of said vehicle.