Daewoo Kalos

The Kalos supermini is the first launch since the troubles, and should bring about a universal sigh of relief. It was obviously developed before the cash ran out, though, because against all the odds it's a bit of a gem. Jump behind the wheel, and the cabin is a revelation. Gone is the muddle of cost-cutting components we're used to. The interior is clean and simple, owing much to the Honda Jazz with its modern materials and unfussy dash. With the car standing 1,500mm high and having a 2,500mm wheelbase, head and legroom are excellent in the front and back. The only disappointment is a tinny door shut, instead of the reassuring thump we've come to expect from the likes of VW.

The surprises don't stop there, either. Turn the key and the 83bhp 1.4-litre engine seems almost too quiet. The four-cylinder unit has been extensively reworked to provide the best possible balance of economy and power. Although a bit rough and short of performance for the real enthusiast, a 0-60mph time of 13.3 seconds and top speed of 106mph is adequate. Fuel economy falls behind that of the class leaders, though, with a thirsty 37.7mpg average. On the move, the gearbox is solid and direct, and the ride exceptionally refined. At speed there is no discernible wind-noise, while road imperfections are soaked up with ease. And the steering is better than you expect, proving direct through corners with little body roll to upset the car's balance.

Offered in SE and SX trim, the Kalos is well equipped. Both get ABS, power-steering, electric front windows, central locking and front and side airbags, with the SX adding air-con, front fogs, electric rear windows, a folding picnic table and some dubious carbon fibre-effect trim.

Key to the car's success will be prices, though, which will be officially announced at the British Motor Show in October. But however much it costs, it's clear General Motors has scooped up a tidy little windfall with the Kalos.