GM Uzbekistan increases vehicle output 12% in Q1
TASHKENT. April 17 (Interfax) - The joint venture GM Uzbekistan, formerly known as JSC UzDaewooAuto, boosted vehicle production 12.1% year-on-year to 45,631 automobiles in January-March 2013, Uzbekistan's State Statistics Committee reported.
The automaker churned out 18.4% less Nexia vehicles (12,889 units), 20.4% less Matiz models (6,893), 2.9% more Damas automobiles (4,490), 36% more Lacettis (4,891), 2.3% more Sparks (6,148) and 74.4% less Captivas (436).
GM Uzbekistan started producing the Chevrolet Malibu in February 2012 and the Chevrolet Cobalt in September.
In Q1 2013, the joint venture produced 472 Malibus and 9,412 Cobalts.
GM Uzbekistan produced 6.4% more vehicles in 2012 than it did in 2011, at 235,518 automobiles.
UzDaewooAuto was set up on an equal footing by the Uzbek government and Daewoo Motor. In 2005, Uzbekistan bought the investor out and transferred 100% of the outfit's stock into management by OJSC UzAutoProm. In October 2007, UzAutoProm and General Motors signed an agreement on setting up GM Uzbekistan at UzDaewooAuto, in which GM holds a quarter of the stock. The joint venture now produces eight models of cars, including the Chevrolet Captiva and Chevrolet Malibu using SKD technology and the rest using full-scale production.
