High-Res Photos: 2009 Chevrolet Aveo5 2007 Los Angeles Auto Show Coverage by TCC Team (11/9/2007) Mustang Bullitt, Lincoln MKS, Durango Hybrid and Genesis coupe. Chevrolet’s new Aveo5 hatchback makes its public debut today at the Los Angeles auto show, with a pricetag that will make it the least expensive vehicle sold in the U.S. when it goes on sale next year, Chevrolet says.

The new Aveo5 will also get 26/34 mpg, thanks to a fuel-efficient 1.6-liter four with 107 horsepower and 106 pound-feet of torque, and either a five-speed manual or an optional four-speed automatic. A driving range of 400 miles is promised. Available in base, LS, and LT versions, the Aveo5 arrives wearing new sheetmetal with a more sophisticated look than the previous version (the Aveo four-door sedan was renewed last year).

Built in South Korea by GM Daewoo, the Aveo5 carries Chevrolet’s new signature front-end styling, with a gold Chevy bow framed by a larger grille. Larger taillamps and an available rear spoiler dress up the basic econobox look nicely. Inside, the cabin is said to be able to carry five adults. The rear bench has theater-style seating and a 60/40 split for cargo flexibility. Better interior materials are promised, with optional woodgrain, metallic, and carbon-fiber-look trim on the options list.

Storage and convenience bins are found all over the interior, and some higher-end features like cruise control, XM and a large sunroof are also offered on the new Aveo5. In terms of running gear, the Aveo5 is strictly by-the-numbers Asian economy car: MacPherson struts, a torsion-beam rear, and a short 97.7-inch wheelbase. Fourteen-inch wheels are standard, while 15-inchers (and anti-lock brakes) are optional.