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GM forms joint venture in Uzbekistan
By Yoann Besnard on 22 March 2008 | 
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GM has set up a joint venture to build Chevrolet cars and sport utility vehicles in Uzbekistan.
GM has set up the joint venture with the state company UzAvtoSanoat which already builds 170,000 Chevrolet models per year built from kits that come from South Korea. The new entity will produce Chevrolet models such as Captiva and Epica at a pace of 250,000 vehicles per year. Gm will hold a stake of 25% + 1 share with an option to increase its share in the future. GM will help the Uzbek company to increase its quality build and its manufacturing equipment.
UzAvtoSanoat initially produced former Daewoo models such as Tico and Matiz. Indeed the carmaker had set up a venture with Daewoo before its collapse. Wen the Korean carmaker went into trouble, the Uzbek carmaker continued building the cars.