GM Daewoo investing $3.2 billion in Updated Products, Production Capacity

CaymanS · 03-27-2007, 07:10 PM

Quote:

GM Daewoo announced today that it will invest another $3.2 billion over the next few years in updated products and possibly expanding production capacity. Daewoo sales are projected to increase by about 20 percent this year, thanks to increased sales in Europe and North America with models like the Chevy Aveo and its many global variants. Outside of South Korea, most Daewoos are branded as Chevrolets, as well as Pontiacs, Suzukis and Holdens.

[Source: Autoblog via Automotive News]

Continued- Article

http://thecarblogger.blogspot.com/20...2-billion.html

spaz · 03-27-2007, 07:53 PM

maybe this is going to finally be a switch to mainstream GM engines and platforms at GMDAT

**nadepalma** · 03-27-2007, 08:42 PM

Also seen here: http://www.theautochannel.com/news/2...26/041363.html

asim · 03-27-2007, 09:41 PM

This is a great move, GMDAT does A LOT for GM and can continue doing a lot more for the great company.

Koasterking · 03-27-2007, 09:50 PM

Good news! I can't wait to see what new cars come from this.

**nadepalma** · 03-27-2007, 09:59 PM

Quote:

Originally Posted by Koasterking

Good news! I can't wait to see what new cars come from this.

Neither can I. But seeing the recent track record, I'm sure they'll be good products.

PS - Koasterking, what's the quote from your signature from? Had me cracking up. You're a Jersey Boy too I see? Nice to see a few on GMI. - Take care.

kenman923 · 03-27-2007, 10:11 PM

I would like to see GM bring Daewoos back into the U.S. Whether they be with a dealer network or sold as rebadges of other brands.

CaymanS · 03-27-2007, 11:11 PM

It'd be smart if Daewoo becomes a sub-brand of GM like Saturn and have their own dealer networks. But, that means the Aveo will be cut from Chevy. Daewoo has become on a roll lately. The Captiva, Tosca are just a few to mention. Also this is off topic. But, Daewoo is going to debut a rebadged Saturn Sky, deemed the Daewoo G2X, which will debut next month in Seoul.

rueben44 · 03-27-2007, 11:48 PM

Yes Daewoo should come back to America........as Daewoo Commercial Fleet! They can be GM's Fleet brand while cutting Suzuki down a notch! Also the G2X came out last year if I am not mistaken. It should be going on sale this year.

VibenPontiac · 03-28-2007, 12:43 AM

Hopefully we get a 1.8L engine that gets 40mpg.

I can dream can't I?

Will123w · 03-28-2007, 01:11 AM

Quote:

Originally Posted by VibenPontiac

Hopefully we get a 1.8L engine that gets 40mpg.

I can dream can't I?

I don't see why they dont just do a DI 1.8L and just forget the 2.2 altogether. Unless DI is expensive to implement, but I don't imagine it could be terribly expensive.

A DI 1.8 would probably rival the 2.2's power output and certainly get over 40mpg highway.

redimpss5 · 03-28-2007, 03:06 AM

Oh no.......Daewoo? Steer clear please!

unkillsam · 03-28-2007, 09:15 AM

I really want my sister to consider an Aveo over the Corolla she is looking at. You can get a nice 2007 Aveo sedan LT with ABS and automatic for around $14,000.00

The sad thing is, I want her to consider the Aveo instead of a base Cobalt because the Aveo comes with a TON more standard equimpent.

What is really nice is the Aveo LT comes standard with the stereo upgrade and side curtain airbags.

JEFF G.T · 03-28-2007, 08:23 PM

Quote:

Originally Posted by kenman923

I would like to see GM bring Daewoos back into the U.S. Whether they be with a dealer network or sold as rebadges of other brands.

Yes GM needs to bring Daewoo back into the U.S. making it a smart move.

Geotpf · 03-28-2007, 08:47 PM

Quote:

Originally Posted by CaymanS

It'd be smart if Daewoo becomes a sub-brand of GM like Saturn and have their own dealer networks. But, that means the Aveo will be cut from Chevy. Daewoo has become on a roll lately. The Captiva, Tosca are just a few to mention. Also this is off topic. But, Daewoo is going to debut a rebadged Saturn Sky, deemed the Daewoo G2X, which will debut next month in Seoul.

No it wouldn't. The batch of Daewoos that were sold here from 1999 to 2002 were total crap-and the current batch isn't all that much better. Selling vehicles called "Daewoos" here again would be foolish, and so would be for GM to add yet another brand to thier lineup, even if it only was a sub-brand. Plus, importing more Daewoos will only piss off the UAW, requiring bribes to them during contract-time (I believe the UAW gets $500 in bribe money for every Aveo sold).

03-27-2007, 07:53 PM	#2 (permalink)
spaz 3.8 Liter Supercharged V6 Join Date: Jul 2006 Location: LI, NY Drives: '94 Grand Marquis 4.6L SOHC Posts: 633	Re: GM Daewoo investing $3.2 billion maybe this is going to finally be a switch to mainstream GM engines and platforms at GMDAT

03-27-2007, 08:42 PM	#3 (permalink)
nadepalma GMI Staff Member Join Date: Jan 2003 Location: NJ Posts: 5,636	Re: GM Daewoo investing $3.2 billion Also seen here: http://www.theautochannel.com/news/2...26/041363.html __________________ Email: nadepalma@gminsidenews.com "La vita è come un albero di Natale..c'è sempre qualcuno che ti rompe le palle!" "You cannot help men permanently by doing for them what they could and should do for themselves" -Abraham Lincoln "Democracy is the worst form of government except for all those others that have been tried" -Winston Churchill "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a Congress" -John Adams

03-27-2007, 09:41 PM	#4 (permalink)
asim Firebird Concept (the turbine one) Join Date: Mar 2005 Location: Houston, TX Posts: 11,271	Re: GM Daewoo investing $3.2 billion This is a great move, GMDAT does A LOT for GM and can continue doing a lot more for the great company. __________________ I'll make a new sig. Later.

03-27-2007, 09:50 PM	#5 (permalink)
Koasterking 6.0 Liter Vortec V8 Join Date: Jan 2007 Location: Hunterdon Co., NJ Drives: 2004 Scion xB Posts: 1,553	Re: GM Daewoo investing $3.2 billion Good news! I can't wait to see what new cars come from this. __________________ -"Rose, were you able to find a caterer for the banquet, yet?" -"No, not yet. Oh, but I did find out that Baked Alaska can actually be made locally!" -"Rose, I have an even bigger scoop for you. Mars Bars are made right here on Earth!" G.G.

03-27-2007, 10:11 PM	#7 (permalink)
kenman923 6.2 Liter Vortec V8 Join Date: Feb 2005 Drives: 2009 Acura TSX Posts: 2,632	Re: GM Daewoo investing $3.2 billion I would like to see GM bring Daewoos back into the U.S. Whether they be with a dealer network or sold as rebadges of other brands. __________________ Current: 2009 Acura TSX Gone but not forgotten: 2001 Saturn L300 1993 Saturn SL2 1986 Nissan Sentra

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03-27-2007, 11:11 PM	#8 (permalink)
CaymanS 3.8 Liter V6 Join Date: Dec 2006 Location: Toronto, Canada Drives: 2006 Mazda5 2006 Honda Civic Coupe Posts: 443	Re: GM Daewoo investing $3.2 billion It'd be smart if Daewoo becomes a sub-brand of GM like Saturn and have their own dealer networks. But, that means the Aveo will be cut from Chevy. Daewoo has become on a roll lately. The Captiva, Tosca are just a few to mention. Also this is off topic. But, Daewoo is going to debut a rebadged Saturn Sky, deemed the Daewoo G2X, which will debut next month in Seoul. __________________

03-27-2007, 11:48 PM	#9 (permalink)
rueben44 3.6 Liter V6 Join Date: Oct 2003 Location: Houston, TX Drives: 2006 Mazda 3 2003 CTS - Sold Posts: 1,145	Re: GM Daewoo investing $3.2 billion Yes Daewoo should come back to America........as Daewoo Commercial Fleet! They can be GM's Fleet brand while cutting Suzuki down a notch! Also the G2X came out last year if I am not mistaken. It should be going on sale this year. __________________ 2006 Mazda 3 Car Domain Page

03-28-2007, 12:43 AM	#10 (permalink)
VibenPontiac 3.6 Liter V6 Join Date: Jan 2005 Location: Atlanta Posts: 1,109	Re: GM Daewoo investing $3.2 billion Hopefully we get a 1.8L engine that gets 40mpg. I can dream can't I? __________________ "Whenever I’m suffering from Insomnia, I just look at a picture of a Toyota Camry and I’m straight off.." "This is a Renault Espace, probably the best of the people carriers. Not that that's much to shout about. That's like saying 'Oh good, I've got syphilis, the best of the sexually transmitted diseases!" www.dickipedia.org

03-28-2007, 03:06 AM	#12 (permalink)
redimpss5 6.0 Liter Vortec V8 Join Date: Jan 2003 Posts: 1,627	Re: GM Daewoo investing $3.2 billion in Updated Products, Production Capacity Oh no.......Daewoo? Steer clear please!

03-28-2007, 09:15 AM	#13 (permalink)
unkillsam 4.4 Liter Supercharged Northstar Join Date: Aug 2006 Location: Philadelphia, PA Drives: 2008 Victory Red HHR LT Posts: 2,441	Re: GM Daewoo investing $3.2 billion in Updated Products, Production Capacity I really want my sister to consider an Aveo over the Corolla she is looking at. You can get a nice 2007 Aveo sedan LT with ABS and automatic for around $14,000.00 The sad thing is, I want her to consider the Aveo instead of a base Cobalt because the Aveo comes with a TON more standard equimpent. What is really nice is the Aveo LT comes standard with the stereo upgrade and side curtain airbags.

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