Thursday, April 26, 2007

Three Chevrolet Models to be Assembled in Kazakhstan

  • Azia Avto will assemble and distribute Chevrolet Captiva, Chevrolet Epica and Chevrolet Lacetti
  • First Chevrolets on display at Astana Motor Show this week
  • Strong market growth expected in next five years

Astana, Kazakhstan, 2007-04-24 -- The first Chevrolets assembled by General Motors' local partner, Azia Avto, in Ust-Kamenogorsk, go on show in the Kazakh capital, Astana, today. The Chevrolet Captiva SUV, Chevrolet Epica sedan and Chevrolet Lacetti compact models are assembled from kits supplied from General Motors' South Korean manufacturing facilities (GM DAT).

The assembly of 1500 units this year and more than 3000 in 2008 will put Chevrolet in a strong position in a market with significant growth potential. Kazakhstan, with a population of 18 million, saw annual vehicle sales exceed 60,000 for the first time in 2006. Based on continued economic growth, this figure is expected to increase to 250,000 within five years. The cars produced in Ust-Kamenogorsk are to be sold exclusively within Kazakhstan.

“Kazakhstan has a prosperous future and we are very pleased to have a reliable and knowledgeable manufacturing partner to work with,” said Chris J. Lacey, Executive Director GM Central and Eastern Europe. “There is plenty of opportunity to extend General Motors' activities and model offer in Kazakhstan and, working with our ever growing dealer network, we will be able to reach out to even more prospective customers.”

“We are very proud to bring one of world’s top three brands to our country”, said Yerzhan Mandiyev, President of Azia Avto. “Chevrolet’s reliability, attractive design and strong brand image are exactly what a growing number of Kazakhstan’s new car buyers are looking for.”

In recent years, Chevrolet has been particularly successful in Europe's fastest growing markets. While the company’s sales growth in the first quarter of 2007 in all of Europe was at a considerable 33 percent, sales volume in Romania increased by 128 percent and in Russia the growth was 109 percent in the first three months of 2007 versus the same period last year. With a 90-percent growth rate, Bulgaria also contributed considerably to Chevrolet’s success in the region.

General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. In Europe, GM sells its Opel, Vauxhall, Saab, Chevrolet, Cadillac, Corvette and Hummer ranges in over 30 markets. It operates 10 production and assembly facilities in seven countries and employs around 60,500 people.

More information on GM can be found at http://www.gmeurope.com

Source: GM Central and Eastern Europe

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