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GENERAL MOTORS CORPORATION (GM)
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General Motors : Uzbek carmaker may enter General Motors platform in St. Petersburg

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10/05/2017 | 03:21pm CEST

Baku, Azerbaijan, Oct. 5

By Nigar Guliyeva – Trend:

Uzbekistan’s carmaker Uzavtosanoat JSC may enter the Russian market and, in particular, localize production in St. Petersburg, Russia’s Ministry of Industry and Trade said in a message.

“After a series of negotiations, the Russian side offered to consider a production facility of General Motors in St. Petersburg,” reads the ministry’s message.

Uzavtosanoat unites companies of Uzbekistan’s automobile industry.

It was also noted that the GAS company is interested in working jointly with the Uzbek partners on its cars at the Samarkand plant or some other plant.

Recently, following the Uzavtosanoat delegation’s visit, KAMAZ, a Russian brand of trucks and engines manufacturer, announced its plans to deliver the chassis to the company for using it in the manufacture of special machinery.

© 2017 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials ($)
Sales 2018 145 B
EBIT 2018 10 162 M
Net income 2018 7 244 M
Finance 2018 5 548 M
Yield 2018 4,35%
P/E ratio 2018 5,58
P/E ratio 2019 6,08
EV / Sales 2018 0,32x
EV / Sales 2019 0,31x
Capitalization 51 328 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 45,9 $
Spread / Average Target 26%
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NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
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