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Economy 20/10/2010 GM Uzbekistan increases car output by 11.2% in Jan-Sep
GM Uzbekistan increases car output by 11.2% in Jan-Sep
Tashkent, Uzbekistan (UzDaily.com) -- GM Uzbekistan, an Uzbek-US carmaker, increased production of automobiles by 11.2% year-on-year in January-September 2010 to 160,831 units.

In the reporting period, Asaka-based plant produced 67,580 units of Nexia model (up 5.7%) and 53,781 units of Matiz model (up 10.7%). Production of Damas model decreased by 6.8% year-on-year to 15,729 units.

GM Uzbekistan manufactured 18,037 units of Lacetti model (up 32.2%), 1,631 units of Captiva model (up 2.2 times) and 2,861 units of Epica model (up 3.5 times) in the reporting period.

The plant started to produce Chevrolet Spark in August 2010. From August to September, GM Uzbekistan produced 1,212 automobiles of this model.

According to Automobile Manufacturers Committee of the Association of European Businesses, GM Uzbekistan sold 54,564 automobiles in Russia in January-September of 2010, which is up 40% year-on-year (38,960 cars in January-September 2009). The Uzbek carmaker occupied the eighth place on the volume of sold cars in the Russian market in the reporting period.

Uzavtosanoat and South Korea’s Daewoo Motor created a joint venture - UzDaewoo Auto - on parity conditions with the charter capital of US$200 million. In 1996, the venture launched car production plant with the cost of US$650 million in Asaka city of Andijan region. The capacity of the venture is 200,000 cars per year.

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

General Motors owns 25% shares and plus one share in the new venture and it can increase its share up to 40%. Currently, Uzavtosanoat possesses 75% shares in GM Uzbekistan.

GM Uzbekistan increased car output by 5.1% year-on-year in 2009. In 2009, the company produced 205,011 vehicles.

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