GM to Drop Daewoo Name and Replace it with Chevrolet in South Korea

What started a few years back with the re-branding of Daewoo's portfolio to Chevrolets in select markets including Europe, is now being rolled out globally with the replacement of the nameplate in South Korea. From now on, all of the company’s new product introductions will be under the Chevrolet badge, while GM Daewoo Auto & Technology will change its company name to GM Korea Co. The Detroit automaker said the name change is expected to be completed by the end of the first quarter this year.

"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," said Mike Arcamone, President and CEO of GM Daewoo. “We cannot afford to sit still, and instead, choose to make a bold move with the launch of Chevrolet in Korea."

GM noted that three Daewoo models including the Alpheon (a re-badged Buick LaCrosse) sedan and the Labo and Damas mini cars, will not carry the Chevrolet nameplate and will be marketed under independent brands.

Outside the U.S., Chevrolet is planning an aggressive vehicle launch plan this year with the introduction of eight new models including the Camaro, Orlando MPV, Aveo sub-compact, plus an unnamed new SUV model and a new premium midsize sedan.

The Detroit automaker said that GM Daewoo has "played a lead role" in the design, engineering and manufacturing of the Chevrolet Cruze global compact sedan, the new Chevrolet Spark global mini-car, and the new Chevrolet Aveo global small car, adding that currently one out of every four Chevrolet vehicles is manufactured in Korea.

“Chevrolet has enjoyed success in mature markets in North America and Europe, as well as in emerging markets in Asia Pacific, CIS countries, and Latin America,” said Arcamone. “We are confident our customers in Korea will embrace Chevrolet as well.”

Mitsubishi to Phase Out Most of its U.S.-made Models by 2014

Mitsubishi President Osamu Masuko today announced that the automaker will kill most of its current lineup of U.S.-made vehicles by 2014, as part of the company's “Jump 2013” mid-term business plan. The decision affects the Eclipse and Eclipse Spyder sports cars, Endeavor crossover and Galant sedan, which are going to be replaced with global vehicles built at the manufacturer’s Illinois plant. The Outlander crossover, Outlander Sport small crossover and Lancer sedan will provide the underpinnings for the new models.

According to Mr. Masuko, these changes won’t affect U.S. sales. In fact, he predicted that sales and production numbers will increase, albeit no target has been specified.

“Our sales in North America will increase”, Masuko said. “We'll still be selling cars brought in from Japan, and we'll be adding the global small car as well”.

When it comes to combined sales, Mitsubishi expects the Japanese, North American and European markets to register a jump of 90,000 units over the next three years.

Furthermore, the company is exploring other possibilities to gain much needed market share as well.

One plan of action will see Mitsubishi rolling out no less than eight electric or plug-in hybrid vehicles by early 2016, including a small commercial truck version of the i-MIEV and plug-in hybrid SUV based on the Px-MiEV concept car shown at the 2009 Tokyo Motor Show.

Mitsubishi also wants to bring its new global small car to the U.S. and target emerging markets with new models, such as a 1-ton pickup truck that could be jointly developed with Nissan.

Mercedes-Benz USA Ranked 15th on Fortune's Best Places to Work

In its second year as an entrant, Mercedes-Benz USA landed in 15th place on Fortune magazine's latest list of the top 100 companies to work for. Last year, the German automaker's U.S. division was ranked No. 49. According to the magazine, among other perks, the sales and marketing arm of MB USA enjoy flexible work schedules, compressed workweeks, and a generous telecommuting policy, along with a gym with two personal trainers and an on-site car wash.

"While each milestone is impactful, this particular one is especially rewarding because it is based on employee feedback; the company forged ahead as a unified team to emerge from the current economic crisis into a leadership role," stated Ernst Lieb, President and CEO, MBUSA. "It's a reflection of what it is like to work at MBUSA - a community where associates feel a sense of belonging and kinship, literally embodying the slogan 'the best or nothing.' "

Mercedes-Benz USA was the only automaker to make it into the Top 100 this year, however find one more car-related company on the list, used-car retailer CarMax which ranked 81st.

For the record, the best five companies to work for are: 1. SAS (software firm), 2. Boston Consulting Group, 3. Wegmans Food Markets, 4. Google, and 5. NetApp (data-storage company). You can check the full list in detail by following the link below.

Link: Fortune

Ferrari FF AWD Sports Car Concept Heading to Geneva, Tipster Provides Initial Details

A Carscoop reader who wishes to remain anonymous, sent us an email with details on Ferrari's long-rumored 612 Scaglietti replacement, which is due to be revealed to a select few on Friday, January 21, before making its world premiere at the Geneva Motor Show in March. While one can never be 100 per cent sure in these cases, for a variety of reasons, we're almost convinced that the information provided in the email is real. So, without further ado, here's what our tipster told us:

The car will be a pre-production study called the FF, which stands for Ferrari Four, as the GT model will seat four passengers and come with a new four-wheel drive system. Designed by Pininfarina, the FF gets a shooting brake-like body style with a large rear hatch, and a face that brings to mind a chubbier version of the 458 Italia. Inside, Maranello's latest creation will be able to seat four passengers with an impressive -for a supercar- load volume of 450 liters, which can be increased to as much as 800 liters if the rear seats aren't in use.

According to our reader, the FF is powered by a new 6.3-liter V12 engine delivering 660 horses at 8,000 rpm and 683 Nm / 503.8 lb-ft of peak torque at 6,000 rpm. That massive amount of power is transferred to all four wheels through a 7-speed dual clutch transmission and a new and extremely lightweight all-wheel drive system.

The 4,907mm long fastback coupe is said to accelerate from zero to 100km/h (62mph) in just 3.7 seconds and top out at 335 km/h (208 mph), while returning a combined fuel economy of 15.4 lt/100km, equal to 15.3 mpg US.

We'll be on the watch for any official information and / or photos of the Ferrari model, and keep you updated on any new developments as they occur.

BMW Officially Confirms 2.0-Liter Turbo for Z4 and 5-Series

Earlier this week, BMW unveiled its new 2.0-liter turbocharged gasoline engine which will effectively replace the firm's classic, naturally aspirated straight-six. The force-fed four banger made its debut on the X1 compact crossover, but today, the Bavarian automaker officially confirmed that the new engine will be available in other models "such as the BMW Z4 and 5 Series in due course." While BMW did not give out a launch date, expect to see both models towards the end of the year or early 2012, depending on the market.

In the X1 28xDrive, the new turbocharged twin-scroll engine churns out 245hp and 350Nm torque from just 1,250rpm, with BMW claiming that the four-cylinder unit is lighter and more compact than the equivalent six-cylinder engine, while also returning 16 per cent better fuel consumption and lower CO2 emissions.

China Rumors: BMW to Team up with Brilliance and Develop Local Market EV Based on 5-Series

BMW is making plans with its Chinese partner Brilliance China Automotive Holdings Ltd. to develop a new fully electric model designed specifically for the local market, according to Autonews Europe citing a report from the Beijing Youth Daily newspaper.

The report added that the EV will be built on the platform of the current BMW 5-Series, a long-wheel base version of which is assembled at the German firm's plant in Shenyang, China, and that a pre-production concept study will make its world premiere at an auto show in China sometime this year. No other details were given about the electric model.

Saab's All-New 9-5 SportCombi to Debut at Geneva Motor Show

We've been fielding rumors of an estate version of the all-new Saab 9-5 series for some quite time now, but today, the Swedish automaker made it official announcing that the world premiere of the SportsCombi will take place at the 2011 Geneva Motor Show in March.

"The launch of the 9-5 SportCombi is a much-awaited next step in the roll-out of our new product offensive," said Saab Automobile CEO Jan Ake Jonsson. "It will take Saab back into the large wagon segment where we have established a strong presence in many key markets with our previous offering."

While Saab is keeping official photos out of sight for now, it did release some preliminary details on the 9-5 SportsCombi. According to the Swedes, the premium estate model will come equipped with many practical features. These include an adaptable multi-fold floor, flexible U-rail load space configuration and under-floor stowage with a sealed wet storage compartment, a programmable powered tailgate, and 60/40 split rear seatbacks that fold down almost completely flat without having to reposition the seat squab or remove the head restraints.

Turbo engines, Saab's XWD all-wheel-drive system and an array of features such as, adaptive cruise control, Bi-Xenon adaptive lighting, key-less entry and starting, tri-zone air conditioning and a Pilot Head-up Display which projects information on the windshield, will also be available.

Saab said the 9-5 SportCombi will arrive in the US in the Fall of 2011.