Last year GM dropped the Daewoo brand and replaced it with Chevrolet in Europe. Unlike in the U.S. most young buyers in Europe do not know the heritage of the Chevy brand; GM needs to reinvent it like a new marque. Chevrolet is situated below Opel/Vauxhall in the GM lineup. The Corvette is sold in Europe without the Chevrolet moniker. The new Chevy vehicles (mostly rebadged Daewoos) have been GM's fastest-growing brand in Europe, up 0.4 percent in market share this year.