Chevrolet’s days on the UK market appear numbered after parent GM announced it is to axe the brand in Europe.
In a statement, GM says that after 2015 the Chevrolet brand will no longer have a mainstream presence in Western and Eastern Europe.
GM blames “a challenging business model and the difficult economic situation in Europe,” for the dropping of Chevrolet. It has struggled to make significant progress with the brand since relaunching in Europe, initially with rebadged cars from the collapsed and taken over Korean brand of Daewoo.
According to GM the move will benefit Opel and Vauxhall and “reduce the complexity” caused by offering Chevrolet cars alongside them.
“Europe is a key region for GM that will benefit from a stronger Opel and Vauxhall and further emphasis on Cadillac,” says GM Chairman and CEO Dan Akerson. “For Chevrolet, it will allow us to focus our investments where the opportunity for growth is greatest.”
“This is a win for all four brands. It’s especially positive for car buyers throughout Europe, who will be able to purchase vehicles from well-defined, vibrant GM brands.”
Chevrolet will continue in Russia and the Commonwealth of Independent States, and in Western Europe will still iconic models such as the Camaro and Corvette.
Ramifications for European Chevrolet dealers have not yet been detailed, though many are located in joint centres with Vauxhall or Opel brands.
“Our customers can rest assured that we will continue to provide warranty, parts and services for their Chevrolet vehicles, and for vehicles purchased between now and the end of 2015,” says, Thomas Sedran, president and managing director of Chevrolet Europe.