All UzAvtosanoat articles
-
ArticleGM withdraws from JV with Uzbek government
General Motors has sold off its remaining stake in the GM Uzbekistan joint venture to state-owned company Uzavtosanoat, which held the majority stake in the company. GM Uzbekistan makes Ravon and Chevrolet vehicles at its plant in Asaka.Uzavtosanoat held a 75% stake in the company from 2008 but increased that ...
-
ArticleGM poised to sell St Petersburg plant
US carmaker GM is close to selling its plant in St Petersburg to another automotive manufacturer, with the final agreement due to be signed at the end of this year. According to Sergey Movchan, deputy governor of St Petersburg, the new owner plans to revive finished vehicle assembly at the ...
-
ArticleGM Uzbekistan suspends vehicle sales over pricing
GM Uzbekistan has suspended finished vehicle sales in Uzbekistan, after failing to carry through a price increase on the domestic market there. The move follows a similar suspension in Russia – its second biggest market after Uzbekistan – for more than two months on similar grounds.Speaking at a press conference ...
-
ArticleUzbek government to buy GM’s stake in joint venture
Uzbek state-owned vehicle-maker, UzAvtosanoat, is looking to buy GM’s remaining 10% stake in the joint venture it has with the US carmaker – GM Uzbekistan.The buyout is expected to be complete by the end of the year and follows UzAvtosanoat increasing its original 75% stake in the joint venture to ...