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GM reveals Daewoo Veritas based on Holden Caprice

GM reveals Daewoo Veritas based on Holden Caprice

Viknesh Vijayenthiran September 4th, 2008 Viknesh Vijayenthiran By Viknesh Vijayenthiran Author September 4th, 2008
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December 31st, 1969 Holden has announced today that its Caprice flagship will be exported to South Korea, where it will be sold as the new Daewoo Veritas saloon. The Caprice is essentially a long-wheelbase version of the Zeta-based Commodore/Pontiac G8, and is already exported to China as the Buick Park Avenue. GM was even considering using the car for a new Buick flagship but impending CAFE regulations have shelved the project. The Veritas was first previewed in South Korea back at the Seoul Motor Show in 2007 as the L4X concept car, and will feature GM’s 3.6L global V6 engine and a five-speed automatic transmission in production trim. In keeping with its luxury theme, the car will also be equipped with massaging rear seats, electric-adjustable headrests and a LCD screen and headset. The cars will cost between 46.5 million and 57.8 million won, which is approximately $41,590 to $51,684. Daewoo’s CEO Michael Grimaldi said at the Veritas launch that the car reflected Daewoo’s determination to take Korea’s large sedan segment to an entirely new level. “This luxurious rear-wheel-drive sedan offers excellent driving performance while ensuring unmatched interior comfort, spaciousness and safety,” he explained. “Veritas represents the start of a new era for Daewoo, as we begin to replace our entire current product line-up with new segment-leading models between now and 2010.” Holden is yet to reveal export numbers for the new deal, but competition will be tough as roughly 70% of new cars sold in South Korea are built locally.Daewoo Veritas based on Holden Caprice
GM reveals Daewoo Veritas based on Holden Caprice

GM reveals Daewoo Veritas based on Holden Caprice

Enlarge Photo

Holden has announced today that its Caprice flagship will be exported to South Korea, where it will be sold as the new Daewoo Veritas saloon. The Caprice is essentially a long-wheelbase version of the Zeta-based Commodore/Pontiac G8, and is already exported to China as the Buick Park Avenue. GM was even considering using the car for a new Buick flagship but impending CAFE regulations have shelved the project.

The Veritas was first previewed in South Korea back at the Seoul Motor Show in 2007 as the L4X concept car, and will feature GM’s 3.6L global V6 engine and a five-speed automatic transmission in production trim.

In keeping with its luxury theme, the car will also be equipped with massaging rear seats, electric-adjustable headrests and a LCD screen and headset. The cars will cost between 46.5 million and 57.8 million won, which is approximately $41,590 to $51,684.

Daewoo’s CEO Michael Grimaldi said at the Veritas launch that the car reflected Daewoo’s determination to take Korea’s large sedan segment to an entirely new level. “This luxurious rear-wheel-drive sedan offers excellent driving performance while ensuring unmatched interior comfort, spaciousness and safety,” he explained. “Veritas represents the start of a new era for Daewoo, as we begin to replace our entire current product line-up with new segment-leading models between now and 2010.”

Holden is yet to reveal export numbers for the new deal, but competition will be tough as roughly 70% of new cars sold in South Korea are built locally.
Daewoo Veritas based on Holden Caprice
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Tags: General Motors

Posted in: News, Sedans


Comments (8 total)

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  1. By Himanshu #1, Posted: 9/5/2008

    Did I just hear someone say mercedes?

  2. By Laz #2, Posted: 9/5/2008

    Looks ok but for that kind of money wouldn't you expect a V8?

  3. By mlevere1992 #3, Posted: 9/5/2008

    "but impending CAFE regulations have shelved the project." Unfortunately we are going to be hearing that phrase more and more......

  4. By Laz #4, Posted: 9/5/2008

    ^^^or until the Volt shows it can work in the real world and GM will put that powertrain in GM everycar!

  5. By NoNameDenton #5, Posted: 9/5/2008

    Himanshu, you are right, the grille is similar.

  6. By dcars #6, Posted: 9/5/2008

    Hard to believe they won't bring that to the US.

  7. By Wizards Lore #7, Posted: 9/8/2008

    guys as an australian i can say that the Daewoo version of the Caprice you see above is apoor imitation of the real Caprice. the interior and drve trin may be Caprice but the body styling is Statesman (the model below).
    go onto another website that promotes the car. e.g. holden.com.au and you will see the fundamental differences and the real grille that is being used !

  8. By  johnny #8, Posted: 9/6/2009

    the daewoo version is better

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