LuAZ Increases Production By 29.2% m-o-m To 3,713 Autos In February.

This includes 3003 VAZ automobiles, 264 Hyundai cars and 446 KIA automobiles. In yoy terms, production grew by 64.9% to 6,586 in January-February. Concorde Capital: Earlier Bogdan corporation, which includes two major companies of LuAZ (LUAZ) and Cherkasy Bus (CHBS), announced plans to invest USD 100-120 mln in development of its assets. Last year Bogdan announced intention to transfer production of automobiles to Cherkasy, and buses – to LuAZ.