The vehicle family is being developed by a multinational team of engineers and designers assigned to ensure each entry is tailored to meet the expectations of customers in each market. Vehicles will be manufactured and sold in several markets including Brazil, China, India and Mexico, and exported for sale to other important growth markets.

There are no plans to export the vehicles to mature markets such as the United States. A high level of localization of parts suppliers should drive significant savings over the life of the program. The program is expected to grow to more than 2 million vehicles annually with the first entry planned for the 2019 model year.

With a significant majority of anticipated automotive industry growth in 2015 to 2030 outside of mature markets, Chevrolet is taking steps to capitalize on that growth. Strengthening Chevrolet’s position through this major investment is consistent with our global strategy to ensure long-term profitable growth in the markets where we operate.

—General Motors President Dan Ammann

By creating one all-new vehicle family to replace several existing vehicles, Chevrolet expects to improve competitiveness and profitability substantially by delivering what customers expect in each market while taking maximum advantage of the benefits of global scale.

This new vehicle family will feature advanced customer-facing technologies focused on connectivity, safety and fuel efficiency delivered at a compelling value. It will be a combination of content and value not offered previously by any automaker in these markets that are poised for growth.

—Mark Reuss, GM executive vice president, Global Product Development, Purchasing and Supply Chain

More information on the investment plans and all-new vehicle family will be announced in the future in each market.