GM Daewoo will ship the complete knock-down, or CKD units of new small cars to GM-Uzbekistan in order to tap into rising demand for small cars in emerging markets, the company said in a statement.

The company has been shipping CKD units of the Winstorm sport utility vehicle, the Tosca sedan and the Matiz mini car, which are assembled into a complete vehicles in Uzbekistan to be sold under the Chevrolet brand.

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.

According to Automobile Producers of the European Business Association, GM Uzbekistan’s cars entered to the Top-10 the most sold foreign cars in Russia in 2009.

GM Uzbekistan increased car production by 5.1% year-on-year in 2009 to 205,011 units.