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, Lace
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 Dan Roth
In memoriam: the Suzuki Forenza and its brother, the Reno, will shuffle off this mortal coil after 2008. Oh, how we barely knew thee – but we're not surprised.
GM has been rapidly expanding in countries outside the US, and South Korea-based Daewoo has been a major contributor to the company's growth in developing markets. GM is redoubling their commitment to Daewoo by investing $6 billion in the once bankrupt automaker over the next few years. President and chief executive of GM DAT Michael Grimaldi says the money will be used to expand design, engineering, and for new plants and products. Among the projects on the table are a mini car and a small car
The smallest engine currently offered by General Motors in North America is 1.6L four-cylinder engine in the Daewoo-built Aveo and it may soon be replaced by a new design. General Motors reportedly has their engineering teams at Daewoo in South Korea and the Pan Asia Technical Automotive Center Co. in Shanghai, China working on a new small four-cylinder engine family.
When General Motors took over a controlling interest in South Korea's Daewoo Motors a few years ago, one of the vehicles they inherited was the tiny Matiz. Prior to the buyout, Daewoo had begun selling their vehicles in the European market but GM decided to rebrand the Daewoos as Chevrolets in Europe and other markets outside of Korea.
The cross-pollination among General Motors worldwide operations continues. The Seoul Motor Show features the fourth variant of General Motors' Kappa platform and the third based on the Saturn Sky. The new GM Daewoo G2X is a rebadged edition of the Sky and Opel Speedster. The car being shown in Seoul uses the turbocharged 2.0L direct injected engine from the Sky Red Line. So far, there's no word from GM on when the G2X will be available in South Korean showrooms.
South Korean automakers received a pretty big shot in the arm as a trade agreement was reached with the United States. The trade pact, which lasts for 15 years, took nine months to negotiate. With the new agreement, tariffs will be immediately lifted on cars with engine displacements of 3-liters or less. Cars with displacements greater than 3.0L will have to wait three years, and trucks will have to wait 10 years before the tariff is lifted. As expected, Hyundai stock shot up 3.3% on the news, a
When General Motors took the reins of Daewoo in 2002, they saw a future in the then bankrupt Korean automaker. Since then, GM has poured a considerable amount of resources into Daewoo and now, that effort has paid off. GM Daewoo has taken back its former standing as the number two automaker in Korea.
Even though GM is one of the biggest players in the global market, it hasn't had much luck in worldwide platform sharing. And it wants to see that change. Soon. Sources are saying that GM is working on a new small car platform known internally as Gamma. This platform could be the basis for the next Opel Corsa and Chevrolet Aveo, and could ultimately support models with an annual volume of 1.4 million cars starting in 2009. Although unconfirmed, Gammas could be built in Korea, China, Thailand, In
The Chevy Aveo sedan is hitting dealer lots as we speak, so the surfacing of these spy shots showing the five-door hatchback version is well timed. Cheers and Gears pulls what details they can from the heavily camouflaged vehicle, which shows some interesting design details. Look closely and you'll see the one de rigueur design detail showing up on all the fashionable 2007 models: side air vents! Whether they are a portent of a performance version or will be used across the entire lineup of Aveo
Sibling site Autoblog en Espanol was able to obtain more shots of the Winstorm, the first SUV by GM Korean subsidiary, Daewoo. As previously posted, the Winstorm will be sold primarily in the Asian and European markets through GM's Chevrolet and Holden brands. While no definitive date has been announced for when the SUV goes on sale in Asia, Europe will be receiving its first units marketed as t
The protests are said to potentially impact the launch of the Opel Corsa, a subcompact product that is key to GM's European model line-up. GM workers in Western Europe are said to be deeply concerned about the potential for their assembly jobs moving to lower-cost sites towards the east, and GM has also stated that it will be bringing over additional product from South Korea.
GM Daewoo has announced the launch of its first SUV. Called the Winstorm, auto enthusiasts will immediately recognize it by its more familiar name of Captiva.
Kim Woo-choong, the founder and former head of the Daewoo Group, was sentenced to 10 years in a South Korean prison for embezzlement, accounting fraud, and various other white-collar crimes of the type typically committed when a large company goes down the tubes. In all, Woo-choong was said to have been involved in a variety fraudulent transactions involving over $50B in company funds, as well as having embezzled $100M.