Comments on: Chevrolet Aveo Sedan in September

By: General Motors may make bid for Proton stake

General Motors may make bid for Proton stake — Wed, 10 Jan 2007 04:28:07 +0000

[...] Related Posts: DRB-HICOM explains 32.9% stake proposal rationale Volkswagen conducting due diligence audit on Proton? JMEPA: The reason Volkswagen wants Proton? GM and DRB-HICOM to sign stake transfer MoU DRB-HICOM says no official proposal from GM GM potentially acquiring a 51% equity stake by October [...]

By: GM and DRB-HICOM sign stake transfer MoU

GM and DRB-HICOM sign stake transfer MoU — Wed, 20 Sep 2006 19:11:16 +0000

[...] Previously, there was news of a potential 51% acquisition of stake in Chevrolet distributor Hicomobil by General Motors, who owns the Chevrolet marque. DRB-HICOM dispelled these rumours by saying there is no official proposal yet. It turns out that the talk was true after all – DRB-HICOM and General Motors signed a Memorandum of Understanding for proposed acquisition of 51% stake in Hicomobil, which will make the American automotive giant the majority shareholder. [...]

By: New Chevrolet Aveo launched in US

New Chevrolet Aveo launched in US — Sun, 20 Aug 2006 04:58:35 +0000

[...] The previous Chevrolet Aveo sold 68,085 units in 2005, and the previous version will continue to be sold as a hatchback Aveo5 in the US. The new sedan is due on our local shores very soon, perhaps next month. More photos after the jump. [...]

By: Chevrolet Aveo Sedan Thai CBU

Chevrolet Aveo Sedan Thai CBU — Wed, 09 Aug 2006 07:43:09 +0000

[...] Related Posts: Chevrolet Aveo Sedan in September 2007 Chevrolet Aveo [...]

By: DRB-HICOM says no official proposal from GM

DRB-HICOM says no official proposal from GM — Thu, 20 Jul 2006 11:28:29 +0000

[...] There were reports of General Motors doing a due diligence audit last week on local Chevrolet distributor Hicomobil as a precursor to GM potentially acquiring a 51% equity stake by October. However DRB-HICOM Bhd’s management says it has not received any official proposal from General Motors Corp (GM) to acquire a 51 pct equity stake in Hicomobil Sdn Bhd. As far as I know, for a due diligence audit to be done it requires cooperation from the company being audited. For more details please refer to the Bursa Malaysia announcement linked below. [...]

By: jtshin

jtshin — Wed, 19 Jul 2006 00:50:06 +0000

Yea, we’re still having the 1.5 in Aveo…

By: lowprofile

lowprofile — Tue, 18 Jul 2006 04:43:48 +0000

I saw the car in Singapore. Very nice (for what it is priced at over there). Build quality is quite good too. Looks more acceptable than the tadpole City. Just wonder about the FC. Btw, they should launch the more efficient 1.4 over here. AFAIK, we are still having the old 1.5 engine in the Aveo right? Pls correct me if I’m wrong.

By: DtG

DtG — Mon, 17 Jul 2006 10:24:58 +0000

honda_driver said,

July 17, 2006 @ 10:37 am

if you go to korea, almost all the cars you see on the road are korean cars.. its because they have one of the most protected car markets in the world even till today. Plus, their citizens are also very patriotic towards their own products.

i’m ok with people being patriotic and all… it’s good. however, Korea protects their own automotive market and at the same time sell cars cheap!!! a Proton Waja for nearly 60k? i don’t call that cheap (specifically in Malaysia) because Brits are payin merely RM10k more than that! i heard that a Hyundai Accent costs only RM20++k in Korea! now that is what you call government protection or support. that makes more sense. in malaysia, the government just want to make sure lots of people buy national cars and make tons of money at the same time… so sad….

By: lembagatanah

lembagatanah — Mon, 17 Jul 2006 04:55:34 +0000

[...General Motors is looking into purchasing a 51% stake in Hicomobil, a unit of local conglomerate DRB-HICOM which distributes CBU Chevrolet cars in Malaysia....]

is this possible? i tot foreign company cannot buy more than 49.999%

By: honda_driver

honda_driver — Mon, 17 Jul 2006 02:37:32 +0000

By: mycar_stolen

mycar_stolen — Mon, 17 Jul 2006 01:08:53 +0000

DtG said,
July 14, 2006 @ 8:21 pm

80++k??!!!! do u know that the aveo sedan (the 1 right at the top) costs only 9kUSD in the US??? what the hellâ€¦

hi…it means Malaysian are richer than the AMERICANS…
OUR CELEBRITIES MAKE MORE MONEY THAN TOM CRUISE/M LEAGUE PLAYER ANNUAL MORE THAN NFL PLAYERS….TIGER WOODS MAKING LESS MONEY THAN OUR GOLFERS….

By: ...

... — Sat, 15 Jul 2006 14:49:24 +0000

Yup 9K USD is the price in US after shipping it there and paying the duties etc. Imagine the price of that car in Korea. In its home country it is just about as expensive as a brand new 850 Kancil.

So why cant our so called national car makers be selling cars by lets say 10% cheaper? (P1 esp as P2 car prices are almost the same as its Daihatsu sisters in Japan)

And i did read in the newspapers a long time ago stating that Proton has the highest proift margin per car of any car manufacturers in the world. They even put there the cost of each waja is about RM35K only.

By: motorhead

motorhead — Sat, 15 Jul 2006 13:54:09 +0000

9kUSD in US?… hell.. gov is the true winner everytime foreign cars introduced… naive buyers think they ve just bought a luxury car… thx to this blog, it educates some people…

By: demio121

demio121 — Sat, 15 Jul 2006 04:03:06 +0000

the new Aveo desan looks more a credible contender against Vios and City but there is this Korean badge phobia. More competition the better, so bring it on.

By: raybrig85

raybrig85 — Sat, 15 Jul 2006 03:16:48 +0000

ic…ok…

By: szw

szw — Sat, 15 Jul 2006 02:58:38 +0000

looks like a vios lar .

By: Charger

Charger — Sat, 15 Jul 2006 01:55:42 +0000

With crash test result worse than Waja, I believe the road accident casualties will increase.

By: jtshin

jtshin — Sat, 15 Jul 2006 00:36:41 +0000

raybrig85, I’m living in a smalltown call Sibu in Sarawak. Not that I didn’t see many new cars. Just few Chevs on the road. Main imported cars on the road is Toyota, most, recond or new. others… can’t compare to Toyota numbers on the road.

Well, Malaysian always get old models. Like Hyundai cars… Accent got new models selling already in other countries, while Malaysian Accent really ugly model… n of course, pricy. My friend said when he went to Korea, he can see everyone driving Sonata, which cost lower than our Wira.. n the Sonata here is a higher end car… duh…

By: Paul Tan

Paul Tan — Fri, 14 Jul 2006 17:36:38 +0000

Updated the post, removed the old model!

By: altruis

altruis — Fri, 14 Jul 2006 16:27:53 +0000

Actually in India, the 2007 Chevrolet Aveo has been launched. Therefore I think it is safe to say that the sedan Aveo to be launched in Malaysia will be the 2nd pic Aveo, not the first.

By: acbc

acbc — Fri, 14 Jul 2006 16:01:32 +0000

Problem with Korean cars is that once u drive them out from the showroom, their resale value drops! So, it would be wiser to buy them used (1-2 years).

By: mitlanevo

mitlanevo — Fri, 14 Jul 2006 14:45:01 +0000

Sedan Aveo, looks weird and sounds funny to me at first, but overall I think it is a great car, and at least can make some direct comparison to City, Vios, Altis, Sentra, Optra, or even our very own Waja. But anyway, I still prefer Optra than this sedan Aveo.

By: vague

vague — Fri, 14 Jul 2006 13:58:06 +0000

i buy one…. look bit like Focus from behind. ya?

By: ...

... — Fri, 14 Jul 2006 13:43:34 +0000

IMO it should be priced at about 68K here, but i dont think the Gov’t will approve that retail price. Its a fact that korean cars costs very cheap.

The shape also is much more nicer than Honda “hamster” City…

By: DtG

DtG — Fri, 14 Jul 2006 12:21:18 +0000

80++k??!!!! do u know that the aveo sedan (the 1 right at the top) costs only 9kUSD in the US??? what the hell…

By: Jeffrey1977

Jeffrey1977 — Fri, 14 Jul 2006 11:46:16 +0000

Since when Korean rebadged cars cost so ex…….

By: Paul Tan

Paul Tan — Fri, 14 Jul 2006 10:44:15 +0000

lowprofile: i’ve posted a link to the new aveo in the blog text itself. anyway, to prevent confusion i’ve edited the post to include the new aveo as well.

By: lowprofile

lowprofile — Fri, 14 Jul 2006 10:40:47 +0000

I think this is not the correct picture of the Aveo sedan. A newer design has already been launched in Singapore. As for the price, no way can it sell for that price. Below RM75k is feasible. Afterall, it is more a Hyundai Accent competitor than the City/Vios.

By: whodz

whodz — Fri, 14 Jul 2006 09:59:22 +0000

Had a ride in aveo lately..I don’t feel like in a very luxurious car although it has a pricey tag. Maybe it’s because NAP(crap). Anyhow, because of the NAP, I would not dare to drove this one day.

By: raybrig85

raybrig85 — Fri, 14 Jul 2006 09:45:25 +0000

jtshin…where do u live???y u cant c alot of new cars???or rare spesis??