Sunday, May 24, 2009
Chevrolet Aveo replacement on hold until 2011
According to Reuters, Chevrolet won't be offering a replacement for the Aveo until January,2011. The original replacement date was April, 2010. Of course, this is all due to GM's financial issues.
Sales of GM Daewoo products, the General Motor's South Korean arm, are down nearly 45% from this time last year. This is compared to an 11.8% drop from Hyundai (now the world's fifth largest automaker) and 14.5% drop from Kia.
Reuters also reports that Hyundai is trying to use this opprotunity to take a chunk out of GM Daewoo's market share.
Fully story in the link below.
Hyundai benefits from struggles of GM's South Korean unit