GM Uzbekistan increases car production by 6 percent in Kanuary - September

Business Materials 18 October 2012 17:35 (UTC +04:00)

Uzbekistan, Tashkent, Oct 18 /Trend D.Azizov/

JV GM Uzbekistan (formerly JSC UzDEUavto Asaka, Andijan region) increased car production by 6 percent in January-September 2012 compared to the same period of lat year, the State Statistic Committee said.

The car plant has produced 68,070 Nexia cars (increased by 7.4 percent), 41,339 Matiz cars (decreased by 7.2 percent), 18,549 Damas cars (increased by 24.3 percent), 19,325 Lacetti cars (decreased by 3.7 percent), 2,155 Captiva cars (increased by 9.3 times), 572 Epica cars (decreased by 56.1 percent), 23,301 Spark cars (increased by 13.8 percent) since early 2012.

The car plant also increased production of the Chevrolet Captiva - by 2.3 times to 2,683 cars.

Chevrolet Epica car production fell by 74.3 percent to 572 units.

In addition, it produced 1,424 Chevrolet Malibu cars.

UzDaewooAuto was established in 1996 on a parity basis by the Uzbek government and South Korea's Daewoo Motor Company.

In 2005 Uzbekistan Daewoo bought shares in the joint venture. In 2007 Uzavtoprom and General Motors signed an agreement to establish a basis for the GM Uzbekistan plant with charter capital of $266.7 million. The American side owns 25 per cent of shares plus one share in the enterprise, with the possibility of increasing it to 40 per cent. Currently, 75 per cent of the shares belong to Uzavtoprom.

At present, JV GM Uzbekistan produces eight models of cars, four of which are the Chevrolet - Captiva, Epica and Spark. As it was reported, in February the company started manufacturing a new car model - sedan Chevrolet Malibu. Other models are released within the full-scale production.

The company increased production by 2.1 per cent in 2011 to 221,445 cars compared to 2