Matiz Creative to be produced only in Uzbekistan - Uzbek leader

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan will be the only producer of Matiz-300 mini-car model, Uzbek President Islam Karimov said during his visit to Ferghana region. Matiz-300 named Matiz Creative in Korea and Chevrolet outside Korea.

Uzbek leader said the General Motors International Operations and the executive vice president of General Motors Nick Reilly visit Uzbekistan recently and General Motors fully handed over production of this model to GM Uzbekistan, an Uzbek-US automobile maker.

Earlier reported that, General Motors Daewoo Auto and Technology, GM South Korean division, will launch production of Matiz-300 model in Uzbekistan and India, and in future in Vietnam and Columbia.

GM Uzbekistan and General Motors Daewoo Auto and Technology (South Korea) signed an agreement on supply of machinery and equipment for organization of production of Chevrolet M300 on 26 September 2008.

Total cost of the project is around US$124.455 million. GM Uzbekistan will produce 50,000 cars annually and part of which will be exported. Uzavtosanoat issued loan to finance the project.

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