Economy02/07/2008GM Uzbekistan increases car output in Jan-May
The report said quoting the State Statistics Committee of Uzbekistan that the plant manufactured over 37,958 Nexia cars (15% up year-on-year), 28,812 Matiz cars (19.4% y-o-y) and 10,170 Damas mini-buses (32.8% y-o-y). The agency reported that the plans also produced 497 Captiva, 576 Epica and 10 Tacuma cars.
The company produced 171,809 cars in 2007 or 22.7% year-on-year, including 84,179 Nexia cars, 63,576 Matiz cars, 20,843 Dama mini-buses, 1,722 Lacetti cars.
As reported earlier, UzDaewooAuto signed a contract with Concept Group in 2005 for the development of design and introducing changes in the production of Nexia car. Initially, it was planned to launch production of new Nexia in 2006, but the terms were changed due to the search for a strategic partner.
UzDaewooAuto was established by the government of Uzbekistan and Daewoo Motor (South Korea). In 1996, the company commissioned a construction plant in Andijan region with a projected capacity of 200,000 cars annually.
Uzbekistan purchased 50% of Daewoo Motor in the joint venture in October 2005. UzAvtoProm currently holds 100% of UzDaewooAuto. The plant manufactures four models. The level of localization of spare parts at the enterprise makes up nearly 50%.
UzAvtoProm and General Motors founded the GM Uzbekistan joint venture in October 2007 to produce and sell Chevrolet cars in Uzbekistan on the basis of UzDaewooAuto.