FSO officially launches production of Chevrolet Aveo

On Tuesday the first Chevrolet Aveo car officially rolled of the production line and there will be roughly 4,000 such cars produced this year and 70,000 next year. "Our Q1 output will be sent to Ukraine, while Q2 production from our plant will be supplied to European sales network of Chevrolet. Then it will also be offered in Poland," said FSO president Janusz Woźniak. As of 2009 total production will increase to 100,000 units, but FSO will also continue production of the Lanos model with anticipated output of 70,000 next year. It is also likely that a new company will be established at the plant, in which a 40% stake will be purchased by GM Daewoo, while the remainder will be held by Ukrainian UkrAvto. (Gazeta Wyborcza, p. 26; Rzeczpospolita, p. B7; Puls Biznesu, pp. 1, 14) M.M.