The car in question is the Daewoo Magnus, aka the Suzuki Verona in the United States, which will acquire the Chevrolet badge and a new name, the Epica.
The Epica, a D-segment car, will come equipped with a four cylinder 2500 cc, 155 bhp engine sourced from Holden, the GM arm in Australia.
The car was spotted rubbing shoulders with the Optra in the GM pavillion at the Tokyo motor show last month.
Sources at GM-Daewoo pointed out the potential for the Epica in emerging markets is good enough and indicated a possible launch next year.