The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

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GM Exports to Russia are Up

16 August 2011
GM Exports to Russia are Up

On August 16, 2011, www.trend.az posted GM Uzbekistan results showing a 36% increase of Russia-oriented exports. Specifically, "...GM Uzbekistan sold 54,  081 cars in Russia in January-July 2011, which is 36 percent more than the figure of the same period of 2010, Automobile Manufacturers Committee of the Association of European Businesses said.  The GM Uzbekistan sold 8,954 cars (a 21-percent increase) on the Russian market in July 2011.  Including in January-July 31,470 Nexia cars (a 38-percent increase) and 22,611 Matiz minicars (a 34-percent increase) were sold.  The sales of Nexia cars in July 2011 grew by 25 percent to 5,373 units and Matiz cars - by 15 percent to 3,581 units.  In 2005 Uzavtosanoat purchased 50 percent shares of Daewoo Motor in UzDaewoo Auto for about US$110 million. General Motors and Uzavtosanoat completed a creation process of GM Uzbekistan on the UzDaewooAuto base in March 2008. The new venture charter capital is $266.7 million.  At present, JV "GM Uzbekistan" produces seven models of cars, three models of which are Chevrolet - Captiva, Epica and Spark.  GM Uzbekistan increased production of automobiles by 6.2 percent in 2010 to 217,733 cars. In particular, GM Uzbekistan decreased production of Nexia model by 3.9 percent to 87,100 units and Damas model by 11.6 percent to 20,900 units.