SeAZ and OAO "ZMA" want to upgrade "Oka"

SeAZ and OAO Representatives of Serpukhov automobile plant and CJSC "ZMA" have agreed to work together to study a possible upgrading of the car model "Oka", produced at these plants. As stated in the official press release distributed by the small passenger car Plant (PCA), a detailed development of this project and the evaluation of possible variants of its implementation will be dealt with in the bilateral project team formed by professionals of both automakers.It can be noted that the necessity of modernization caused primarily by the entry into force in Russia environmental standards Euro-2 new cars. In order for the "Oka" cars satisfy these requirements need serious upgrading installed on their engine. In addition, the parties intend to explore the possibility of upgrading the design of this model and its braking system."Modernization of the OKA will allow us not only to extend the life cycle of this product, but also make full use of the opportunities of the market in which the trend growth of sales of passenger cars of a class", - said Chairman of the Board of Directors Ceasa Vyacheslav Maleev. In turn, General Director of ZMA Alexander Korneychuk believes that the Association's efforts to modernize the GOC will allow the parties to obtain more favorable terms from suppliers, to share investment costs and thereby dramatically increase the economic efficiency of the project29.06.2005.

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