UkrAvto has earmarked some EUR80m for the manufacture of a new car from its Warsaw factory, according to local press reports.
Ukranian News said the company’s press service confirmed the launch of the car for March 2006. It added that UkrAvto was in discussions with several global car manufacturers about the car.
The report added that UkrAvto has no plans to invest in the upgrade of the Warsaw factory.
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