Daewoo stores market Daewoo Electronics products under their "Trutech" brand on an ODM basis. In 2004, General Motors pulled the Daewoo brand of vehicles out of Australia and New Zealand, citing irreparable brand damage. Later that same year, GM announced that Daewoo Motors in Europe would change its name to Chevrolet on 1 January 2005. In 2005, it was announced that Daewoo cars would have a Holden badge in Australia and New Zealand. In South Africa, Thailand, and the Middle East, Daewoo models were already branded Chevrolet. In South Korea, Daewoo was renamed GM Korea. As part of the company reorganization,
Daewoo Lacetti for 2008. In China, the cars are marketed as the Buick Excelle sedan or wagon and Excelle HRV (hatchback). The sedan, which is also assembled in China, features an updated exterior. The successor to the Daewoo Lacetti-based "Buick Excelle" is based on the global GM Delta II platform, like the Opel Astra and Chevrolet Cruze and their derivatives. The development center at the Opel plant in Rüsselsheim, Germany, leads the development of this platform. This second generation hatchback Buick Excelle XT, making its debut in 2009, is actually a replica of the Opel Astra hatchback adapted to Chinese conditions. The