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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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Uzbekistan to manufacture Chevrolet Aveo
GM Uzbekistan, the former UzDaewooAuto, plans to start mass production and export of T-250 cars (Chevrolet Aveo) in late May-early June of 2016, said a statement of Uzavtosanoat company, which units Uzbekistan’s automotive industry.
“T-250 will replace the Nexia model,” said the statement.
Investment for mass production of the T-250 vehicles is $104.2 million, design capacity – 73,600 cars a year, according to Uzbekistan’s republican investment program. GM Uzbekistan will itself provide the funding.
GM Uzbekistan, formerly known as UzDaewooAuto, was created in 1996 on a parity basis by Uzbekistan and South Korean Daewoo Motors.
In 2005, Uzbekistan acquired Daewoo’s shares in UzDaewooAuto. In 2007, Uzavtoprom (Uzbek Association of Automotive Industry Enterprises) and the U.S.-based General Motors signed an agreement to establish the GM Uzbekistan with an authorized capital of $266.7 million.
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