LUAZ To Increase Automobile Output 25.1% In 2007
9 February 2008
Vasiliy Kaplun, Vice President of the Bohdan Corporation, which includes the Lutsk Automobile Factory (LUAZ), announced plans to increase production at LUAZ by 25.1% in 2007 to 50.5 ths cars. In December of 2006, LUAZ announced plans to hold an IPO in 2009-10. The company plans to place a 10-20% stake among foreign investors.
