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So long, Daewoo: GM drops name and logo from So. Korean cars

General Motors won't be selling cars in South Korea under the Daewoo label, the automaker announced today. The Daewoo logo will be replaced by the Chevrolet name and signature bow-tie logo. The company name, GM Daewoo, will also be changed to GM Korea Co., the company said in a statement.

"This important new brand strategy is designed to strengthen our commitment to the Korean market, recognizing it as one of the strongest-performing countries within GM's global operations. We are well positioned to bring one of the world's iconic brands to Korea," said Mike Arcamone, President … Read more

GM demonstrates its all-electric Cruze EV concept

GM has promoted extended-range plug-in vehicles as the ideal solution for U.S. consumers, but with the debut of the all-electric Cruze EV, the carmaker shows it has no problem cutting the gas entirely.

The carmaker revealed a test fleet of all-electric Chevrolet Cruzes and GM Daewoo Lacetti Premieres in Seole, South Korea, and the concept is about a year's worth of engineering between GM Daewoo, LG Chem, and LG Electronics.

"Although there is much more work to be done, our ability to develop this vehicle in less than a year offers a peek at the very promising … Read more