Sales of Uzbek automobiles rose by 2% from 8,954 units to 9,103 units in July 2012, the committee said.

The committee said that GM Uzbekistan sold 30,578 Nexia cars (-3%) and 19,971 Matiz cars (-12%) in the Russian market in January-July 2012.

In July 2012, the enterprise realized 5,907 Nexia cars (+10%) and 3,196 Matiz cars (-11%) in the Russian car market.

In the result of seven months of 2012, Nexia claimed the fifteenth place among best sellers in Russia, while Matiz was on 21st place.

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.

Association of European Businesses was founded in 1995 on the initiative of several European companies registered in the Russian Federation, Ambassadors of EU member states and the Head of the Delegation of the European Commission to the Russian Federation.

The mission of the AEB is to represent and promote the interests of its Members by supporting them in doing business with and in Russia through quality lobbying, information support, and through activities aimed at improving the Russian trade and business environment in conformity with internationally accepted business principles and promoting integration and partnership between the European Union (EU) and Russia.