SEOUL -- GM Daewoo Auto shipped 570 new-generation Nubira cars to Spain, Italy and Switzerland in late April as it starts to revive its shrunken European network.
A second shipment of 1,100 cars left 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 the bankrupt Daewoo Motor last October.
The Nubira models, which replace the first-generation Nubira, have 106hp 1.6-liter and 117hp 1.8-liter gasoline engines. They were introduced in November in the Korean market as the Lacetti.
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.
"The new Nubira won a positive response in the recent Geneva auto show in March and its launch will expand GM Daewoo's lineup in Europe," said GM Daewoo spokesman Kim Sang-weon.