General Motors To Make 250,000 Chevrolets Per Year In Uzbekistan
Tashkent, Uzbekistan (SPX) Oct 09, 2007 U.S. auto giant General Motors and Korean-Uzbek car manufacturer UzDaewooAvto have set up a joint venture to produce up to 250,000 Chevrolet cars a year in Uzbekistan, company officials said Monday. General Motors will hold 25% plus one share in the new company, with an option to increase its stake in the JV to 40%. Carl Peter Foster, president of GM-Europe, said Chevrolet has become the most rapidly growing brand in Europe, and now has particularly strong positions in the promising markets of Eastern Europe. UzDaewooAvto was set up by South Korean carmaker Daewoo and the Uzbek government.
Source: RIA Novosti Related Links Car Technology at SpaceMart.com
Now Nissan's Pivo concept car can drive sideways too Tokyo (AFP) Oct 5, 2007 Japan's Nissan Motor Co. on Friday unveiled a new version of its egg-shaped Pivo concept car that can drive sideways and has a small robot to assist with navigation or calm down angry drivers. |
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