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GM Uzbekistan ups car sale to Russia

Business Materials 12 September 2011 15:38
GM Uzbekistan sold 63,131 cars to Russia in January-August 2011, which is 34 percent more than the figure of the same period of 2010, Automobile Manufacturers Committee of the Association of European Businesses said.

Uzbekistan, Tashkent, Sept.12 / Trend, D.Azizov /

GM Uzbekistan sold 63,131 cars to Russia in January-August 2011, which is 34 percent more than the figure of the same period of 2010, Automobile Manufacturers Committee of the Association of European Businesses said.

The GM Uzbekistan sold 9,050 cars (a 21-percent increase) on the Russian market in August 2011.

In January- August 36,905 Nexia cars (a 35 -percent increase) and 26,226 Matiz minicars (a 32 -percent increase) were sold.

The sales of Nexia cars in August 2011 grew by 23 percent to 5,435 units and Matiz cars - by 20 percent to 3,615 units.

Nexia model ranked ninth among the bestselling cars in Russia in January-August 2011, while Matiz ranked 16th.

Uzavtosanoat and South Korea's Daewoo Motor created a joint venture, UzDaewoo Auto in 1996.

In 2005 Uzavtosanoat purchased 50 percent shares of Daewoo Motor in UzDaewoo Auto for about US$110 million. General Motors and Uzavtosanoat completed a creation process of GM Uzbekistan on the UzDaewooAuto base in March 2008. The new venture charter capital is $266.7 million.

At present, JV "GM Uzbekistan" produces seven models of cars, three models of which are Chevrolet - Captiva, Epica and Spark.

GM Uzbekistan increased production of automobiles by 6.2 percent in 2010 to 217,733 cars. In particular, GM Uzbekistan decreased production of Nexia model by 3.9 percent to 87,100 units and Damas model by 11.6 percent to 20,900 units.

At the same time, production of Matiz models grew by 5.6 percent to 72,999 units. The enterprise produced 23,917 Lacetti model (a 23.3-percent increase), 3,185 Epica model (2.9 times up) and 1,835 Captiva model (66.8 percent) in 2010.

In August 2010 GM Uzbekistan launched production of new Chevrolet Spark model. In total 7,797 Chevrolet Spark cars were manufactured by late 2010.

GM Uzbekistan increased car production by 4.2 percent up to 106,334 in January-June 2011 compared to the same period of last year. The plant increased Lacetti car production by 10.7 percent - to 12,636 in January - June.

Nexia car production reduced by 7.6 percent - up to 40,678 units, Matiz - 15.2 percent - up to 29,405, Damas - by 4.6 percent up to 9,109, Epica - by 14.3 percent up to 1,507, Captiva - by 61 percent up to 251 cars. The company produced 12,748 Chevrolet Spark cars in January - June. It began the production in August 2010.

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