General Motors and Ukrauto agree on FSO

According to Automotive News Europe, production would be launched in Q4 2007, by which time production would stand at less than 10,000 units. Starting in 2008, the annual level of production could reach 50,000 cars. "An official stance in this case will be announced today," said GM Poland's spokesman Przemyslaw Byszewski. However, in order for production to be launched a permit from the European Commission is still needed for public aid for the domestic plant.Another issue is the fact that the right to produce Lanos and Matiz models expires at the end of this year. The question is therefore whether the investor will manage to prolong these rights at least until the beginning of production of the Chevrolet vehicles. (Puls Biznesu, p. 6) A.K.