AUTOS

Daewoo Plans to Sell Cars in U.S.: Daewoo Motors Corp. of South Korea will begin selling cars in the U.S. in late 1997 or early 1998, Chairman Kim Woo-Choong said. Daewoo plans to sell 100,000 vehicles a year in the U.S. by 2000, Kim said. Daewoo Motors, a unit of Daewoo Group, plans to introduce a small car and sell it directly to consumers rather than using dealerships. Direct-sales offices resemble car dealerships but are company-owned. Consumers order vehicles directly from the company. Kim said Daewoo could cut costs by as much as 20% by selling directly to consumers. Daewoo would be the third Korean auto maker in the U.S. market, the world’s largest.