The Corvette is sold in Europe without the Chevrolet moniker. The new Chevy vehicles (mostly rebadged Daewoos) have been GM's fastest-growing brand in Europe, up 0.4 percent in market share this year.

Beginning in 2016, GM will compete in Europe's volume markets under its respected Opel and Vauxhall brands. The company's Chevrolet brand will no longer have a mainstream presence in Western and ...