New Chevrolet Onix is GM's Answer to the VW Gol and Hyundai HB20 in Brazil

General Motors is looking to turn around losses in its South American operations with the introduction of a brand new model in the region’s largest country, Brazil, which accounted for more than half of its sales in the continent last year.

At this week’s 2012 Sao Paulo Auto Show, which opens to the public on October 24, Chevrolet will host the world premiere of the Onix subcompact designed to go head-to-head with the revamped Volkswagen Gol and Hyundai’s new entry in the segment, the HB20, making up for as much as 30 percent of the brand’s sales in Brazil by 2014.

The Onix rides on GM’s Gamma II platform shared with the domestic market Cobalt sedan and Spin MPV, featuring a 2.53m long wheelbase.

The five-door hatchback will be offered in three trim grades named LS, LT and LTZ, and a choice of two four-cylinder, flex-fuel engines, a 1.0-liter unit generating 78hp when running on gasoline and 80hp on ethanol, and a larger displacement 1.4-liter unit rated for 98hp on gasoline and 106hp on ethanol.

GM said that the Onyx would be offered with modern amenities including the brand’s MyLink, multimedia system that integrates with the driver’s smartphone.

Local prices for the subcompact model start at R$29,990 (US$14,800 / €11,300) for the LS 1.0L and top out at R$41,990 (US$20,700 / €15,900) for the LTZ 1.4L.

PHOTO GALLERY

Chevrolet-Onix-1Chevrolet-Onix-2Chevrolet-Onix-3Chevrolet-Onix-4Chevrolet-Onix-5Chevrolet-Onix-6Chevrolet-Onix-7Chevrolet-Onix-8Chevrolet-Onix-9Chevrolet-Onix-10Chevrolet-Onix-13Chevrolet-Onix-14

Florida Road Rage Incident Sparks Six-Car Crash, One Man Killed

A Chevrolet Suburban and Honda Civic were filmed repeatedly hitting each other in Florida.

2020 Subaru Outback Revealed With Turbo Power And Massive Touchscreen (Live Pics)

The new generation of Subaru’s Outback promises better refinement and comfort as well.

Exeed E-IUV Design Concept Looks A Bit Too Far Into The Future

The electrified Exeed E-IUV aims to be more than just another conventional car.

$1.1 Million Nissan GT-R50 By Italdesign Splits Opinions In The Big Apple

The Nissan GT-R50 will be capped to just 50 units worldwide with prices starting at $1.12 million.

Cadillac Looks To Rebound With The CT5, But It Is Better Than The CTS?

Cadillac is hoping to reverse declining sales with the all-new CT5 which goes up to order this fall.

New Skoda Vision GT Concept Teased, Could Preview Kamiq GT For China

Skoda says the Vision GT study is “the modern urban car and the new sporty Skoda SUV for China”.

2020 Toyota Highlander Looks At RAV4 For Inspiration, New 34 MPG 4-Cylinder Hybrid (Live Pics)

The three-row 2020 Toyota Highlander SUV is offered with a regular V6 and a hybrid 4-cylinder.

Giulia And Stelvio QV NRing Edition Are How You Spend Nearly $100k On An Alfa

Alfa Romeo is offering U.S. buyers just 110 units in total of the Giulia and Stelvio QV NRing.

Hardcore Mercedes AMG GT Black Series To Be The Brand’s Quickest Accelerating Model Ever

First new Mercedes Black Series model in seven years will hold the title until the AMG One arrives.

Audi’s Futuristic AI:ME Is A Compact EV With A Pretty Welcoming Interior

Audi’s latest electric concept gives us a first taste of the brand’s upcoming compact EV.