GM renames S. Korean unit
Source: Agencies |
January 21, 2011, Friday
|
Print Edition
Print Edition
GM Daewoo Auto & Technology Co, the South Korean unit of General Motors Co, said yesterday it is changing its name to GM Korea and will sell most of its cars under the Chevrolet brand.
GM Daewoo said in a statement all new vehicle introductions and changes to existing vehicles this year will be under the Chevrolet nameplate.
The company name change to GM Korea Co is expected to be completed by March 31. GM Daewoo's board of directors approved the decision yesterday. The auto maker called the name change "globally consistent with all other GM country operations."
But a few vehicles, including the Alpheon, a large-size sedan, will not be sold under the Chevrolet brand, according to Lim Young-mi, a GM Daewoo spokeswoman.
GM Daewoo, South Korea's thirdlargest auto maker after Hyundai Motor Co and Kia Motors Corp, sold 751,453 vehicles last year, with 83 percent of those exported, Lim said.
Unlisted GM Daewoo was created after Detroit-based GM acquired Daewoo Motor Co, a unit of Daewoo Group. That firm had collapsed due to the financial crisis that hit South Korea in 1997-98.
GM Daewoo said in a statement all new vehicle introductions and changes to existing vehicles this year will be under the Chevrolet nameplate.
The company name change to GM Korea Co is expected to be completed by March 31. GM Daewoo's board of directors approved the decision yesterday. The auto maker called the name change "globally consistent with all other GM country operations."
But a few vehicles, including the Alpheon, a large-size sedan, will not be sold under the Chevrolet brand, according to Lim Young-mi, a GM Daewoo spokeswoman.
GM Daewoo, South Korea's thirdlargest auto maker after Hyundai Motor Co and Kia Motors Corp, sold 751,453 vehicles last year, with 83 percent of those exported, Lim said.
Unlisted GM Daewoo was created after Detroit-based GM acquired Daewoo Motor Co, a unit of Daewoo Group. That firm had collapsed due to the financial crisis that hit South Korea in 1997-98.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
