Chevrolet lost its reputation in Asian countries due to a variety of factors, including poor product quality, lack of after-sales service, and a limited range of models. Additionally, the brand was hurt by its association with General Motors, which filed for bankruptcy during the global financial crisis of 2007-08. This caused many customers to lose faith in the brand, as well as its parent company. Finally, Chevrolet has faced stiff competition from other global automakers, such as Toyota and Honda, who have been able to offer more reliable vehicles at lower prices.