Chevrolet Europe GmbH is a Swiss-based firm (in Zürich) that mainly sells cars produced by GM Korea. Until 2005, Chevrolet Europe sold a few models, mostly United States domestic market (USDM) models modified to suit European regulations. Among them were the Chevrolet Alero (which was a rebadged Oldsmobile Alero) and the Chevrolet Trans Sport (which was a Chevrolet Venture with the front end of the Pontiac Trans Sport). Among other models sold by Chevrolet Europe were the Camaro, the Corsica/Beretta, the Corvette, the Blazer, and the TrailBlazer. The current generation of North American–built Chevrolet Impala V8 sedans has also been available in Europe in recent years, marketed as both large family sedans and more economically priced alternatives to Jaguars and BMWs as high performance executive cars. From 2005 all the mainstream models from GM Daewoo were rebranded as Chevrolet in Europe. (The ownership of the SUV models in the former Daewoo range had reverted to ownership of SsangYong Motor Company by this time.) However the Daewoo name was retained in South Korea and Vietnam until 2011. In the rest of the world, most Daewoo models have worn the Chevrolet badge since 2003. Exceptions include the use of the Suzuki badge in the United States and Canada, the Pontiac badge in Canada, the Holden badge in Australia and New Zealand, and the Buick badge in China. During the mid-2000s, the Corvette and Cadillac range were marketed in Europe through a separate distribution channel operated by Netherlands-based Kroymans Corporation Group but following its bankruptcy in 2010, General Motors established a new Swiss based subsidiary to relaunch Chevrolet in Europe and add the Corvette, Camaro and Malibu models to the European range. In December 2013, General Motors announced that from the beginning of 2016 it will reduce its presence in Europe only to its iconic models, such as the Corvette, in order to strengthen its Opel and Vauxhall brands. Although announcing that they will maintain a broad presence in Russia and the Commonwealth of Independent States, General Motors later announced that they will reduce their line-up to the iconic models in Russia, and more, the Opel division will also exit the Russian market by the end of 2015, while also abandoning production at their Saint Petersburg plant. As of March 2016, only the US-built Corvette Stingray and Tahoe, as well as the Russian-built Niva, were being offered on the Russian market.