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 Espero (Opel Vectra A) was discontinued and the Vauxhall Vectra (Opel Vectra B), the Cavalier's replacement, was introduced. Daewoo Espero The Daewoo Espero (also known as Daewoo Aranos in some Spanish-speaking countries) is a four-door, five-seater mid-sized notchback saloon produced by the South Korean company Daewoo Motors from September 1990 to 1997. It was technically based on the GM J platform. The body was designed by Italdesign. The car was equipped with Holden-built GM Family 1 1.5 L engine, or the 1.8 or 2.0 L Family II engine. The Espero was replaced by the Daewoo Leganza in 1997. The Espero was