Posts Tagged ‘Uzbekistan’

GM Signs MOU for Small Vehicle Production in Uzbekistan

Thursday, February 11th, 2010
GM Uzbekistan MOU ceremony
© GM Co.

Seoul — Representatives from General Motors Company and UzAvtoSanoat of Uzbekistan signed a Memorandum of Understanding (MOU) today in Seoul for their GM-Uzbekistan joint venture to launch the production of a new small vehicle mainly destined for emerging markets.

The MOU was signed by GM Daewoo Vice President of Product Planning & Program Management Dwenell Mills and UzAvtoSanoat Vice Chairman Shukhrat Yusupov in the presence of GM Daewoo President and CEO Mike Arcamone and Republic of Uzbekistan First Deputy Prime Minister Rustam Azimov. (more…)

‘General Motors Uzbekistan’ Joint Venture Established

Thursday, March 20th, 2008
‘General Motors Uzbekistan’ Joint Venture Established
© GM Corp.

Tashkent, Uzbekistan – General Motors Corp. and UzAvtoSanoat have established a joint venture which will play a defining role both in the automotive industry of Uzbekistan and in the continued, rapid global growth of GM's largest brand, Chevrolet. As announced at a press conference in Tashkent today, UzAvtoSanoat holds the majority stake in the new joint venture called General Motors Uzbekistan with GM holding 25 percent plus one share, with the option of increasing that share in the future.

“As a key element of our growth strategy, GM has moved aggressively in recent years (more…)

GM Uzbekistan Joint Venture to Build and Sell Chevrolets

Monday, October 8th, 2007

Tashkent — General Motors, the world's largest carmaker, announced today a joint venture with to assemble and distribute Chevrolet cars in Uzbekistan, the central Asian republic and part of GM Europe region. The joint venture, which will be called GM Uzbekistan, will extend Chevrolet's rapid expansion in Eastern Europe and Asia.

“Chevrolet has become the fastest growing brand in Europe, demonstrating its strong appeal especially in the opportunity markets of Eastern Europe”, said Carl-Peter Forster, President of General Motors Europe. “The start of operations in Uzbekistan and the launch of a series of new Chevrolet models will help us continue our rapid growth.” Sales of Chevrolet models in Europe have increased 32 percent year-to-date (more…)