OREANDA-NEWS. January 14, 2010. According to the Bogdan Corporation press secretary Mr. Krasulya release, the Company has produced 14.393 thousand motor cars, which is 83.7 % fewer than in 2008 (88.316 thousand vehicles). In December 2009, the Company’s  output reached 801 motor cars, or 5.3 times less than in the same period of 2008 (4.276 thousand motor cars).

Millennium Capital: the main reason of the reduction in the Company’s output is a slump in demand at domestic and foreign markets in 2009. That is why we should be prepared for a negative LUAZ financial performance 2009 announcement.