Daewoo Motor America Partnering With debis for Retail Financing.COMPTON, Calif.--(BUSINESS WIRE)--Sept. 11, 1998--Daewoo Motor America Inc. (DMA (1) (Digital Media Adapter) See digital media hub. (2) (Document Management Alliance) A specification that provides a common interface for accessing and searching document databases. ) Friday announced that it has signed a long-term agreement with debis Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc., an arm of Daimler-Benz InterServices AG. Under the agreement, debis will provide consumer financing for Daewoo's line of automobiles, which go on sale in the U.S. this month. debis will provide a full array of retail finance programs to customers of Daewoo's first 15 company-owned stores, which are located in Northern and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , Illinois, Georgia, Florida, Pennsylvania, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Connecticut, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. and Massachusetts. "Our financing package is competitive and fair to everyone, especially our customers," said M.H. Kim, president of DMA. "It supports our high-value, one-price approach to the U.S. marketplace, and will appeal to college markets, our primary target segment." "This is a major landmark for debis, and the first of what we believe will be more relationships of this kind with auto manufacturers," said Brian Reed, managing director of debis. "We see Daewoo as an excellent strategic partner for us. And we share a vision of the automotive marketplace that is both entrepreneurial and practical." DMA, with headquarters in Compton, is the U.S. automotive subsidiary of Daewoo Group, the world's 18th largest industrial firm. Daewoo is selling three stylish Stylish is a free Mozilla extension that allows for the manipulation of web pages and XUL application user interfaces through the use of CSS or user styles available localy or from centralized web-site [1], which allows style sharing. , high quality cars in the U.S. market -- Leganza, Nubira and Lanos -- through its company-owned stores. Based in the Dallas suburb of Roanoke, Texas Roanoke is a city in Denton County, Texas, United States. The population was 5,450 at the 2005 census. The main east-west road through town, State Highway 114 Business, is named "Byron Nelson Boulevard" in honor of the legendary golfer who resided in the community. , debis provides financial services to automotive customers and dealers outside the Daimler-Benz Group. It currently serves more than 400 U.S. auto retailers, and its current service portfolio exceeds $400 million.
CONTACT: For Daewoo Motor America Inc., Compton
Edelman Public Relations
Barry Landon/Claudia Bloom, 323/857-9100
For debis Financial Services Inc.
Bruce Lee, 203/845-7268
Brian Reed, 817/430-5503
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