Daewoo Lacetti

The Daewoo Lacetti is a compact car made by the South Korean automaker GM Daewoo. It is available as a four-door sedan, a five-door hatchback or a five-door station wagon.

The sedan and wagon are designed by Pininfarina, and the hatchback by Giorgetto Giugiaro, and launched in 2002. The hatchback, known as Lacetti-5 in Korea, was introduced in summer 2003. A second generation version, which was a facelift of the original was released in 2006.

Markets

Australia/New Zealand

In Australia and New Zealand, the Daewoo Lacetti was briefly sold between 2003 and 2004 as a four-door sedan. During the 'Asian Economic Crisis', Daewoo became technically insolvent and the company withdrew from the Australian market.

From 2005, the Lacetti (sedan and wagon) and Lacetti 5 were sold together as the Holden Viva. In fact, other than the Chevrolet Viva for the Russian market (which is little more than a Russified Opel Astra B), this model marked the first time that the "Viva" name was used on a GM vehicle since the Vauxhall Viva was discontinued. It was introduced at around the same time as the Daewoo Kalos-based Holden Barina. Unlike the current Barina, however, the Viva is meant to be below the premium Holden Astra as a budget alternative.