An SUV successor to the Opel Frontera will be built in South Korea, company sources say.
The new model, code-named Blue Car, will be built at Daewoo's Bupyong plant, near Seoul.
The plant also will build Daewoo's first SUV and the Saturn Vue medium SUV successor, which are all based on parent General Motors' Theta architecture.
Production is scheduled to start in January 2006. The European market launch of the Opel version is planned for summer 2006.
The European sales target for the Daewoo and Opel SUVs is 20,000 units a year for each car.
The base price for the Opel model will be approximately E21,000 – about the same price as the Toyota RAV4.
The Opel-Daewoo cooperation might be extended to the Vectra segment.
"From 2008, there might be a Daewoo built on the Epsilon-2 architecture," GM Europe President Carl-Peter Forster said.