Daewoo has launched an eAssist version of the company's Alpheon model (LaCrosse here in the States) in Korea. The hybrid manages to deliver 25 percent better fuel economy than the standard gasoline model while reducing emissions by 22 percent. That's thanks to a small electric motor and lithium-ion battery battery pack that work in conjunction with a 2.4-liter direct-injection gasoline engine.
GM Daewoo has four shareholders: GM, Korea Development Bank, Suzuki Motor Corporation, and Shanghai Automotive Industry Corporation. When GM Daewoo put out a rights issue, only one of the four took the bite: GM, which made it rain to the tune of $412 million and raised its stake from 50.9% to 70.1%.
In what looks like a serious-but-probably-the-norm case of industrial espionage, General Motors' South Korean Daewoo division is reportedly alleging that the Russian automaker TagAZ has tried to copy its Lacetti sedan. Backing up those allegations are the arrests of two TagAZ engineers – former Daewoo employees who are said to have taken computer files from one company to the other. A third former Daewoo employee, an executive, left notes proclaiming his innocence and then committed suicid
According to Reuters, Chevrolet's Aveo replacement has been postponed until January 2011 due to the well-publicized financial troubles at General Motors and its Korean subsidiary, Daewoo. Previously, the Aveo's replacement, codenamed T300, had been expected to bow in April of 2010.
Got some time to burn? Of course you do! iMotor Mag has created a game to punish the wayward children of esteemed Italian design houses. Where designers such as Pininfarina and Bertone have penned gems like the Ferrari F599 and the Lamborghini Miura, they have also thrust the Peugeot 1007 and Skoda Favorit on unwary car shoppers (hey, even designers have to eat...).
The Chevy Cruze era has begun in South Korea, except the sedan will be badged as the Lacetti Premiere. General Motors partner Daewoo is producing the fuel efficient sedan for Korea, the first market to get one of GM's most important future vehicles. The Cruze is the first truly global vehicle that the General will produce, with a keen eye on fuel economy and scalability. The Lacetti Premiere will come equipped with the same 1.6L powerplant with 140 hp as the rest of the world, meaning fuel econo
More good news for LPG (Liquefied Petroleum Gas) fans. Chevrolet in Germany is offering free LPG conversions in certain models. According to Chevrolet, this will help German drivers by saving them up to €10,800 at the pump between 2008 to 2018. 2018 is the year that all tax reductions for LPG will be finished. A similar tax policy as in play in neighboring France. The German offer applies to the Matiz, Aveo, Lacetti, Nubira, Epica and Captiva models. Prices for the Aveo start at €9,990
Brenda Priddy & Co have brought us the first glimpse of GM's upcoming 7-seat MPV. Based on the Delta global platform, it is said to be about the same size as the Mazda5. The person hauler is apparently the work of GM Daewoo (GMDAT), with R&D work carried out in Bupyeong, South Korea.
We saw the Chevy Beat concept unveiled a year ago, and now a camouflaged mule has been caught testing in China, fueling speculation that the Beat will succeed the Spark in that market. The Beat is certainly far less dowdy than the Spark, which is also sold, sometimes gratuitously, as the Matiz in other markets. When the Beat debuted as one in a trio of concepts, it was the sportiest of the three and described as a "tuner car" offering substantial levels of customization at the retail level, much