The new Chevrolet Aveo hatchback is called the Aveo5 now in the Malaysian market as the nameplate is now also being used by the new Aveo notchback. The hatchback variant has been updated recently with new styling although essentially pretty much the same car. Engine options now consist of an 84 horsepower 1.2 litre engine and a 98 horsepower 1.4 litre engine – a big improvement over the current Malaysian Aveo5 with a 1.5 litre engine that produces only 83 horsepower.

The interior has also be substantially enhanced. The meter panel is now a sporty 3-pod design with meters that are backlit with red. The door panels are now more conventional in design, an improvement over the current Malaysian Aveo5’s which has a GEN2-like circular door opener lever.

The new Chevrolet Aveo five-door hatchback model will first hit European showrooms in March 2008, followed by a three-door hatchback model a few weeks later. No news of when this updated Aveo hatchback will be available in Malaysia, but one thing’s likely: the 98 horsepower 1.4 litre engine will probably make only 95 over here, as the same engine in the Aveo notchback only produces 95.

More images after the jump.