News August 2009

Presentation of ZAZ Chance car took place at Zaporizhia Automobile Building Plant ("ZAZ"). During the tour dealers of «QUEENGROUP, LLC.» and representatives of the leading automotive mass-media of the Russian Federation familiarized with the production facilities of CJSC «ZAZ», process of full-scale production of Chance cars, as well as discussed with the top management of company-manufacturer and distributor prospects of sales, peculiarities of price policy and plans on modernization of ZAZ Chance car family, previously presented in the market of the Russian Federation as Chevrolet Lanos. Guests have personally made sure of the high quality of cars during test-drive.

According to the Chairman of the Board of CJSC «ZAZ», Mr. Mykola Yevdokymenko, reliability and accessibility are the main advantages of ZAZ Chance car. Mr. Yevdokymenko informed that "ZAZ" is ready to support "QUEENGROUP" company in aggressive promotion of ZAZ Chance cars; plans on cars sales not only within the territory of the Russian Federation, but also their deliveries to Kazakhstan and Moldova, are also discussed. Chairman of the Board of CJSC «ZAZ», Mr. Yevdokymenko, noted: «Efforts made by the Government of the Russian Federation to support customer demand impress. There are available efficient programs, where two thirds of interests for credit usage will be taken upon by the country. And this is very interesting. In any case, this is a step forward».

Cars of the same models, as Chevrolet Lanos supplied to GMDAT CIS, will be delivered to the market of the Russian Federation under new brand Chanсе via distribution company «QUEENGROUP».  In addition to the previously delivered models there will be supplied cars with hаtchbаck body type, which were not presented in the net of GMDAT CIS before, and which have good reputation and are of stable demand at Ukrainian customers. ZAZ Chance product mix will be presented by three models of different options with engine displacement 1,3 and 1,5 liters. Face lifting of car family will be also done.

General Director of "QUEENGROUP, LLC.", Mr. Lenur Islyamov, emphasized that they do have very serious plans of cooperation with Ukrainian partners. According to Mr. Islyamov, price for ZAZ Сhance car within the territory of the Russian Federation will not exceed 10 thousand US Dollars (Until 01.07.09 cost of similar Chevrolet Lanos in Russia was about 15 thousand USD). Russians will have a possibility to buy  «Chance» on credit at 9,9% for 5 years taken in any of 5 biggest banks of the country. According to the preliminary estimates of Mr. Islyamov, in 2009 it will be possible to sell in the Russian Federation 20 thousand cars, in 2010 - 50 thousand and in 2011 - about 80 thousand. It is already possible to buy Chance in Moscow, Moscow region, Saint-Petersburg, Voronezh, Lipetsk, Cherepovets, Ufa, Naberezhnye Chelny, Ekaterinburg, Vladimir, Chelyabinsk, Tyumen, Perm, Krasnodar, Rostov-on-Don and other cities. Till the end of 2009 car will be presented in more than 70 automotive centers all over Russia.

 For reference:

  CJSC «ZAZ» is included into Ukrainian Automotive Corporation; it is the biggest automobile company in Ukraine and the sole company, having full cycle production of passenger cars. Up to the date CJSC «ZAZ» has facilities for full-scale production of 150 thsd. cars a year. High level of engineering support of CJSC «ZAZ» production became a basis for successful cooperation of CJSC "ZAZ" with such leaders of global car industry, as Adam Opel, Daimler AG, GM DAT, VAZ, ТАТА, Сhery and КІА. Production process complies with requirements of International Standard ISO 9001:2000 and requirements shown by CJSC «ZAZ» partners.

• Production of Lanos sedans was started at CJSC «ZAZ» in 2005. According to the contract concluded between CJSC «ZAZ» and GM-DAT CIS in 2005 171793 Lanos cars were delivered to the Russian Federation under Chevrolet brand during 5 years. Contract term expired on 30.06.09. Since 01.07. 09 similar cars are delivered to the Russian Federation via distribution company «QUEENGROUP» under brand ZAZ and new trade name Chance.
• «QUEENGROUP» Company was established in 2002 and now it is one of the most significant operator in the Russian car market. It operates in the field of wholesale of cars, automotive spare parts and accessories. Since 2009 it is an exclusive distributor of cars manufactured by CJSC «ZAZ» in Russia.