Industry News
GM Daewoo developing low cost car for emerging markets
18th January 2008
General Motors is developing a small car for emerging markets which could be priced below $4,000 dollars, possibly involving another OEM collaborator, GM DAT CEO Nick Reilly confirmed to the Wall St. Journal (15th January) at the Detroit Auto Show this week. The Daewoo/Chevrolet operation’s lowest-priced vehicle, the Matiz, currently costs around $4,500 in some developing markets. GM is also said to be interested in exporting to emerging markets a small utility vehicle produced in China with joint venture partner SAIC GM Wuling.
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