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.

The current Chevrolet line-up will also be refreshed, with the new model range to consist of the Chevrolet Aveo Sedan, Chevrolet Epica luxury sedan, and the absolutely stunning Chevrolet Captiva SUV!