The committee said that the Uzbek carmaker increased sales of cars by 17% to 7,532 units in May.

According to the committee, GM Uzbekistan occupied the ninth place on the volume of sales in January-May 2011.

In the first four months of 2011, GM Uzbekistan realized 20,643 units of Nexia cars in Russia, which grew by 46% year-on-year. In May 2011, the sales of this model increased by 12% to 4,940 units.

The sales of Matiz model rose by 40% year-on-year in January-May 2011 to 15,082 units and by 24% year-on-year in May to 3,882 units.

The committee said that Nexia model claimed the ninth place among the bestselling cars in Russia in the reporting period, while Matiz was on 16th 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.