The next Holden Vectra has just emerged in South Korea. It is the Daewoo Tosca and it will become a Holden next year, as the company turns more to South Korea to fill model slots alongside the locally made Commodore.
The plan to switch the Vectra from Europe to South Korea was revealed exclusively by us in July during a visit to Seoul to preview the cars that have since been introduced Down Under as the latest Holden Barina and Viva.
GM Holden has still not confirmed the move. Company chairman Denny Mooney has repeatedly avoided direct questions about the future of the Vectra, but the sourcing switch is an open secret at Fishermans Bend.
"I can't get specific about stuff I'm not ready to announce," Mooney says.
"We're going to probably look at more Asia-Pacific-sourced vehicles over time. It just makes sense.
"But our first and foremost priority is to get the right product. Then you have to look at where we build it around the world."
The move is being made partly because of disappointing sales by the classy but over-priced European Vectra, and partly because Holden -- which holds the General Motors' stake in Daewoo and is represented on the board of directors -- sees many advantages in closer ties to GM Daewoo.
It will have far greater involvement in future development work at GM Daewoo. The S3X and T2X four-wheel-drive concept vehicles, also expected in Holden showrooms next year, already show plenty of Australian input.
Even Holden's new executive director of sales and marketing, Briton Alan Batey, came to Australia after time with GM Daewoo in South Korea.
The Tosca is a smooth-looking mid-sized executive sedan that will be sold with 2.0-litre and 2.5-litre engines in South Korea.
It has front-wheel-drive and the 2.0-litre four bought from Holden is the more popular engine.
It is expected to go on sale in South Korea next month.
The timing for the replacement of the Vectra is likely to be before the introduction of the new VE Commodore towards the end of next year. Holden should have supplies of the existing European Vectra to last to mid-year. Though Mooney will not talk about the Vectra, he is keen to push the positives of Asia-Pacific sourcing of new models.
"We're going to continue to look at our product sourcing and product needs. What we need in the product and, because we build cars all over the world, you try to source where you can get the best value for your market," he says.
"This goes on not just in GM; Toyota, everybody, does that. But that's what I call internal. The customer doesn't know, doesn't care. It's all internal to the company to try to optimise your overall business."