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Due to the overall turmoil at General Motors these days a lot of projects have been put on hold. Included in that list is the replacement for the current Aveo. A new Aveo, code named the T300, was due out in April of 2010, but now that product has been delayed until January of 2011.
The Aveo is built by GM Daewoo Auto and Technology, the Korean arm of General Motors, which was formed when GM bought the Daewoo automaker back in 2002.
GM Daewoo has already used up $2 billion in credit lines and is looking to secure a loan from the state-owned Korea Development Bank. It has suffered considerably during the worldwide recession with sales down 44.5 percent. That might not seem like much from a little-known and little-though-of offshoot of General Motors, but GM Daewoo accounts for 25 percent of GM’s total production.
The Aveo-replacement’s delay is particularly odd when you’d expect that GM, under the strict observance of the Obama Administration, would be focused on bringing small, fuel-efficient cars to market. (That certainly seems to be the case so far). And with the Aveo already long-in-the-tooth, sales of the model should continue to decline annually – making the need for a new Aveo all that more important.
According to a Reuters report, Japanese and Korean automakers (Hyundai and Kia in particular) are expected to gain market share from GM Daewoo in the small-car segment .
Want to know where a car is made? Look at the VIN.
The All-American Impala: Made in Canada
During President Obama’s press conference last week when he announced that Chrylser would file for Chapter 11, he asked Americans that if they were looking to buy a car, to look at American cars. The “buy American” philosophy drew harsh criticism from the American International Automobile Dealers Association (AIADA), which pointed out that buying American doesn’t necessarily mean buying a car from an American brand.
“AIADA objects to President Obama’s ‘buy American’ solution for the auto sector,” AIADA President Cody Lusk said in a statement. “In today’s globalized economy ‘buying American’ can mean anything from buying a Chevy Avalanche built by Mexican workers in Silao, Mexico to buying a Toyota Camry built by Americans in Georgetown, Kentucky.”
On that note, there is one way to tell exactly which country a car is manufactured in – the VIN number. That’s right, that odd 17-digit sequence of numbers and letters found on the dash under the windshield (and in numerous other places on a vehicle) holds the key to a vehicle’s country of origin.
Many VIN numbers, actually start with a letter. Those that start with a “J” are built in Japan and those with a “K” are from Korea. Most of the rest, however, aren’t so intuitive. VINs that start with a “W” are from Germany, while an “S” signifies England. Swedish cars get a “Y.”
The United States, Canada and Mexico all use a number system, with American-made cars using a VIN that starts with the number 1, while Canadian-made cars use a 2 and Mexican made cars use a 3.
The number of American vehicles made outside the U.S. is actually quite significant, while many “foreign” cars are built in American. In fact, one of America’s best-selling vehicles (and one that is also typically American) is actually built in Canada – the Chevy Impala.
Other made-in-Canada cars include the Buick Lacrosse, Chrysler 300, Dodge Challenger, Dodge Charger, Ford Flex, Lincoln MKX, Lincoln Town Car, Mercury Grand Marquis and the new 2010 Chevrolet Camaro.
Made-in Mexico cars include the Ford Fusion, Mercury Milan and Chevrolet HHR. And as for the the Chevy Aveo sub-compact, it comes from Korea.
On the flip-side, there are plenty of Japanese (and even some German) vehicles built in the U.S. of A. Some of the most significant include the high volume Honda Accord and Toyota Camry, while the Honda Element and Toyota Avalon are also U.S. products. Nissan builds several models in the United States while BMW manufactures the Z4 as well as the X5 and X6 in South Carolina.
… The more you know…
[Source: La Times]