General Motors Uzbekistan. Click image to enlarge
Tashkent, Uzbekistan – General Motors has established a joint venture in Uzbekistan, which will play a defining role in the continued rapid global growth of Chevrolet. UzAvtoSanoat holds the majority stake in the new joint venture, called General Motors Uzbekistan, with GM holding 25 per cent plus one share, with the option of share increase in the future.
“As a key element of our growth strategy, GM has moved aggressively in recent years to establish a leadership position in the world’s fastest growing markets,” said GM Chairman and CEO Rick Wagoner. “We are confident that General Motors Uzbekistan will make a strong contribution to the growth and development of the Uzbek auto industry and economy. The joint venture will also support GM and Chevrolet’s continued growth in Central and Eastern Europe.”
The joint venture will build Chevrolet cars and SUVs for distribution through a network of more than 60 domestic dealerships. Three models, the Captiva, Epica and Tacuma, are already being assembled at the joint venture’s plant in Asaka, and will be joined later in the year by the Lacetti. Other models from Chevrolet’s global portfolio will be added over the next few years, utilizing the plant’s full annual manufacturing capacity of 250,000 units. Select models will be exported to neighbouring markets.
GM will provide new technology, modern manufacturing processes and training for the joint venture’s 4,700-member workforce. The Asaka assembly plant will operate according to GM’s Global Manufacturing System. Uzbekistan has a population of 27 million and has a vehicle market with significant potential for future expansion, according to GM. In 2007, vehicle sales surpassed 70,500, an increase of 7.5 per cent from 2006.