GM Uzbekistan to start to equip cars with GLONASS system
07/07/2014 15:32
GM Uzbekistan to start to equip cars with GLONASS system
07/07/2014 15:32
Tashkent, Uzbekistan (UzDaily.com) -- GM Uzbekistan, an Uzbek-US car maker, will start to equip cars with terminals of the navigation system Era GLONASS, RIA Novosti reported quoting source at Uzavtosanoat.
The terminals will be installed to ensure compliance with requirements of the countries, to which GM Uzbekistan exports its automobiles, including Russia, the source told the agency.
He said that installation of Era GLONASS terminals will kick off in the third quarter of 2014 once installation of necessary equipment will be completed at the plant.
Uzavtosanoat and South Korea’s Daewoo Motor created a joint venture - UzDaewoo Auto - on parity conditions with the charter capital of US$200 million. In 1996, the venture launched car production plant with the cost of US$650 million in Asaka city of Andijan region. The capacity of the venture is 200,000 cars per year.
In May 2005, Uzavtosanoat purchased 50% shares of Daewoo Motor in UzDaewoo Auto for about US$110 million. General Motors and Uzavtosanoat completed process of creation of GM Uzbekistan on the base of UzDaewooAuto in the end of March 2008. The charter capital of new venture is US$266.7 million.
General Motors owns 25% shares and plus one share in the new venture and it can increase its share up to 40%. Currently, Uzavtosanoat possesses 75% shares in GM Uzbekistan.
Currently, the enterprise produces nine models of automobiles: five sedans – Nexia Cobalt, Lacetti, Gentra and Malibu, two city cars — Matiz and Spark, SUV - Captiva, mini-van - Orlando and microbus Damas.
Government Accident Emergency Response System ERA-GLONASS utilizes GLONASS technology for enhancing transportation safety. It sends alerts to emergency services in case of accidends.
From 1 January 2015, all vehicles of the member states of Customs Union will be equipped with devices with support of Era GLONAS. From 1 January 2017, this requirement will spread to all new cars, which are realized in the territory of the Customs Union.
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