General Motor's South Korean Daewoo unit announced today that it will handle initial production of the new Chevrolet Aveo at its local Bupyeong plant in Incheon. The new Aveo will make its debut under the Daewoo brandname in the South Korean market in the first half of 2011 before a global rollout as a Chevrolet.
"GM Daewoo is proud to be the first member of the GM family to produce and sell GM's next-generation global small car," said GM Daewoo President and CEO Mike Arcamone. "With demand for small cars on the rise worldwide, this is great news not only for GM Daewoo and our suppliers, but for Korean consumers as well."
The Detroit automaker has previously stated the North American market Aveo will be built at its Orion Assembly in Orion Township, Mich., in 2011, a move that is said to restore around 1,200 jobs to Southeast Michigan.
The production version of the new Aveo hatchback was given its world premiere at the Paris Motor Show last week.In European guise, Chevrolet will offer the Aveo with four petrol engines, including two 1.2-liter units delivering 70HP and 86HP, a 100HP 1.4-liter and a 115HP 1.6-liter powerplant, plus a 1.3-liter turbo diesel engine featuring Start/Stop technology that will be available with either 75HP or 90HP.
Chevrolet is also planning to introduce a four-door sedan version of the Aveo, which will most likely make its debut either in LA this November or in Detroit in early January 2011.
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