Home  

Go Back   Car Forums > CHEVROLET

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 10-10-2007, 01:00 PM
news
Guest
 
Posts: n/a
Arrow GENERAL MOTORS: Chevrolets will be built in Uzbekistan

TASHKENT, Uzbekistan ??“ General Motors Corp. has signed a joint venture agreement with Uzbekistan's Uzavtosanoat for production and sale of Chevrolet cars in the Central Asian country.

The new venture has a projected production capacity of 250,000 cars a year, the companies said in a statement released late Monday.

The investment is the latest by the U.S. automaker in the ex-Soviet republic, whose relations with the United States plummeted following the 2005 uprising in Andijan.

Human rights groups and witnesses say hundreds of civilians were killed by government troops during mass protests in the eastern Uzbek town. Western governments harshly criticized the action and called for an independent investigation.

Uzbekistan in turn kicked U.S. troops out of a base being used in support of military operations in neighboring Afghanistan.

The joint venture, GM Uzbekistan, will be set up at a plant in the town of Asaka in the Andijan region, where Uzavtosanoat currently runs a factory that was originally a joint venture with South Korea's Daewoo Group.

The plant currently assembles cars based on kits supplied by GM Daewoo Auto GM will own 25 percent plus one share in this joint venture with the option to increase its stake to 40 percent??? GM Europe President Carl-Peter Forster said.

The joint venture will initially assemble three Chevrolet models ??“ the Captiva, Epica and Tacuma ??“ with full-scale production slated to begin in the next three years.

Hyundai Motor Co. had also sought to buy up Uzbekistan-Daewoo venture, but talks collapsed last year over differences on the purchase price.

Source: [url=http://www.stltoday.com/stltoday/business/stories.nsf/0/561BFAE80B0CFD2086257370000CF5F5?OpenDocument]St. Louis Post-Dispatch[/url]
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ryder Honored by General Motors as a 2006 Supplier of the Year news TOYOTA 0 04-20-2007 01:00 PM
Matson Honored By General Motors As A 2006 Supplier Of The Year news TOYOTA 0 04-16-2007 01:00 PM
Yazaki Corporation Honored by General Motors as a 2006 Supplier of ... news TOYOTA 0 04-14-2007 01:00 PM
Preh Honored by General Motors as a 2006 Supplier of the Year news TOYOTA 0 04-12-2007 01:00 PM
All future Chevrolets to be built as RHD models news CHEVROLET 0 03-08-2007 02:00 PM


All times are GMT. The time now is 04:05 PM.



2010