SEOUL - General Motors Daewoo Auto & Technology Co. says it shipped 570 Nubira compact sedans to Spain, Italy and Switzerland in late April as it has begun reviving the shrunken European network of the former Daewoo Motor Co. Ltd.
A second shipment of 1,100 cars left the Kunsan plant in South Korea last week for Germany, France, Ireland, Norway, Spain and Greece. Those are the other European countries where the reconstituted GM Daewoo took over the operations of Daewoo Motor Co. in October. The redesigned Nubira was introduced in November in the Korean market as the Lacetti. It is equipped with 106-hp, 1.6-liter and 117-hp, 1.8-liter gasoline engines. GM also will begin producing the car in China. GM Daewoo believes increased shipments to Europe and North America will help it boost Korean exports to 250,000 this year from 127,000 units last year. Another increase to 300,000 units is projected for 2004.
Exports plunged last year during the turmoil between Daewoo declaring bankruptcy and the takeover of key assets by General Motors and other GM affiliates in October.