Uzavtosanoat plans to attract automakers from Asia and Europe

According to him, now multi-branding for Uzbekistan is one of the priorities. He noted that negotiations are under way with European producers, including Volkswagen, as well as with Chinese and South Korean companies to attract them to Uzbekistan.

Umidjan Salimov said that Uzavtosanoat will buy 10% of shares of General Motors in the automobile plant in Asaka. He underlined that there is a corresponding decision of the Government of Uzbekistan. After the repurchase of shares, the name of the plant will be changed.

Also, Uzbekistan intends to purchase a 70% stake of GM in the GM Powertrain Uzbekistan, which produced engines in Tashkent. According to the head of the company, after the purchase of stake, this plant will produce “alternative” engines.

GM will work in the market of Uzbekistan on the terms of technical assistance. Uzavtosanoat and GM agreed that the Uzbek plant will continue to produce models of the American company.