the cobalt is dead, and the cruze has replaced it in the us.. but globally the cruze replaced/opened a different market.
the rest of the world will compare it to other cars just now offered in out market. Even though it will still be called aveo its build quality will be scrutinized by the car reviewers in europe etc because of the american build, and the car will probably not sell well is asia since it is not longer produced there (some countries still support their own, write tax codes to benefit people buying their own countries products etc..) Volkswagen just got a lot of flack about building an americanized mexican jetta.. lower quality, less high end feel etc, built here to bring the price down for profit due to the low us dollar.