NEWS AND EVENTS
December 31, 2010
GM Uzbekistan plans to launch production of new sedan
GM Uzbekistan, an Uzbek-US carmaker, is planning to launch serial production of new business class sedan with working name of GS-VEM in 2011-2013.
The company is developing project documentation now and it is planning to launch production of new production line in summer of 2011, the mass media reported.
The preliminary project capacity of new line will make up 100,000 cars a year. The company plans to export about 50,000 of new models.
The project cost is about US$136 million. The project will be financed due to own resources of Uzavtosanoat joint stock company (Uzbekistan Car Industry).
General Motors Daewoo and Technology (GM DAT) and Uzavtosanoat agreed on creation of new line on production of new sedan in February 2010.