OREANDA-NEWS  On 05 June was announced, that the Uzbek-US joint venture GM Uzbekistan, 25% of which is owned by General Motors Daewoo and Technology (a subsidiary of the GM corporation), does not plan to adjust its development programs in connection with GM's bankruptcy.

Uzbek side intended to adhere to GM Uzbekistan's development programmes which were approved earlier, including implementing a programme to revamp car models and increasing the level of localizing production of car parts.

Most of investment projects are financed by the plant's own funds and loans from local banks.