Production of motor vehicles in Ukraine rose by 91.8% YoY in January-April, to 2,064 units, according to the Ukravtoprom Association. In particular, production of passenger cars grew by 107.5%, to 1,700 units, while the output of commercial vehicles shrank by 38.8%, to 153 units. At the same time, the number of buses produced over the…
Peugeot Citroen and JSC Uzavtosanoat entered into agreement to establish a joint venture – Uzbekistan Peugeot Citroen Automotive. This partnership is aimed at building a production plant in Jizzakh SIZ. The plant will specialize in the production of full industrial cycle of light commercial vehicles under the brands “Peugeot” and “Citroen”, intended for transportation of…
The Cabinet of Ministers of Ukraine has decided to transform Antonov and Plant 410 CA state-owned enterprises, which are part of Ukroboronprom state-owned defense giant, into joint stock companies. The relevant resolution was adopted at a government meeting on May 11. “This will improve the corporate management of enterprises, as well as attract investors,” said…
The Ukrainian Automobile Corporation (UkrAVTO) at the end of April supplied two first low-deck medium class city buses ZAZ10C out of 11 foreseen in the contract to Warbus (Poland), the press service of the corporation reported. Buses made by Zaporizhia Automobile Plant (ZAZ) after their presentation to city authorities are used in the streets of…
New passenger car sales in Ukraine in January-April grew by 29.6% YoY, to 23,063 cars, AUTO-Consulting has reported. In January-March the market grew by 35%. A total of 6,600 new cars were sold in April, and this was 17.3% more than a year ago and 5.6% less than in March. Toyota was the leader with…
Horizont Holding Company is set to step up the effort to strengthen its international manufacturing ties and enter new markets, Horizont Director General Yuri Predko declared. The Belarusian company views Slovakia as a promising partner. Yuri Predko said that a number of cooperation agreements were signed during the Belarusian-Slovak Business Forum held in Bratislava in…
The consolidated net profit of PJSC Motor Sich in the first quarter of 2017 according to the international financial reporting standards (IFRS) amounted to UAH 1.457 billion, up 4.8-fold YoY (UAH 304.67 million), according to the company’s quarterly report. According to its data, net sales income in January-March this year increased by 63.4%, to UAH…