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Holden Daewoo Veritas Review

Holden today unveiled its new export program - Holden Daewoo Veritas, a long wheelbase luxury flagship tailored for the demanding South Korean market. Veritas GM Holden to build a vehicle assembly plant in Elizabeth, South Australia, the Global V6 engine plant and its operations in Port Melbourne, Victoria.Holden Chairman and Managing Director, Mark Reuss, today described the vehicle as a welcome addition to the export portfolio demonstrating the scope of the firm Holden and flexibility.
 

Holden Daewoo Veritas
Holden Daewoo Veritas


Reuss was joined by Federal Trade Minister, Hon. Simon Crean MP and Victorian Minister for Industry and Trade, the Hon. Theo Theophanous MLC at a ceremony at GM Holden headquarters in Port Melbourne.Reuss said GM Daewoo had drawn on Australia's experience and resources to a vehicle designed to meet the Korean market.
 

Holden Daewoo Veritas
Holden Daewoo Veritas


"Holden develops its large cars to be world class and we find that the payment of dividends to export opportunities for new program announced today," said Reuss.

"Cars we build here in Australia are exported to all continents except Antarctica, including the brands of Holden, Chevrolet, Pontiac, Vauxhall and Holden Daewoo.
 

Holden Daewoo Veritas
Holden Daewoo Veritas


"And with the engine Veritas has also built by Holden, it is fair to say that we are exporting the complete package.

"Exports are an increasingly important part of the business of Veritas, and shows once again we have the ability to design and build vehicles in a wide range of consumers and markets."

Based on the overall architecture of GM's rear wheel, Veritas is powered by a 3.6-liter V6 Alloytec and is equipped with a five-speed automatic transmission with fully optimized speed settings, Active and Sport Select Shift.The vehicle Show-based L4X receive its debut at the 2007 Seoul Motor, which is expected by GM Daewoo to redefine the image of a premium sedan will have great legs Korea.Veritas segment leader in the Korean market as well as luxury features including massaging rear seats, headrests electrically adjustable LCD screen and headset.
 

Holden Daewoo Veritas
Holden Daewoo Veritas


Holden Daewoo President and CEO, said Michael Grimaldi at Veritas launch in Korea that the car reflects GM Daewoo's determination to take the segment of large sedans Korea to a whole new customer level.Korean were known for their high expectations rear seat comfort and functionality.

"This luxurious rear-wheel-drive sedan offers excellent driving performance without equal, while ensuring the interior comfort, space and security," said Grimaldi.
 

Holden Daewoo Veritas
Holden Daewoo Veritas


"Veritas represents the beginning of a new era for GM Daewoo, as we begin to replace the entire current line with the new leader of the segment models by 2010."

Veritas is the second arrangement of Australian exports to vehicles built between GM Daewoo and GM Holden. In 2005, GM Holden exported nearly 2000 of the previous generation WL Statesman to Korea marketed under the GM Daewoo Statesman.
 

Holden Daewoo Veritas
Holden Daewoo Veritas


Holden has exported more than 800,000 vehicles since the beginning of its export program in 1954. Holden has exported more vehicles than any other Australian car manufacturer. Currently, exports of vehicles in the United States, Brazil, South Africa, New Zealand, Middle East, Britain and Canada.
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