FEB. 10 2016 (The Conway Bulletin) – GM Uzbekistan sold 1,269 cars in Russia in January, down 37% on the same period in 2015, media reported quoting the Automobile Manufacturers Committee of the European Business Association which releases data on sales. Russia is GM Uzbekistan’s main market. GM Uzbekistan is important because it is one of the few relatively successful projects with Western business in Uzbekistan. Low oil prices have caused a recession in Russia which has impacted the rest of the region.
ENDS
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(News report from Issue No. 267, published on Feb. 12 2016)