OREANDA-NEWS. February 02, 2011. Bohdan, the major car maker in Ukraine, intends to boost the output of passenger cars by 51.7% yoy to 30,500 units in 2011, the company CEO announced Feb 1. He also added that the company is going to double exports of produced cars (20,000 cars) in the current year. Furthermore, the company plans to raise the production of public transportation vehicles by c.20% to 1,100 units in 2011.

Millennium Capital considers the news as POSITIVEfor LUAZ. Millennium Capital viewes the company’s plans as manageable as Millennium Capital expects a recovery in auto loans in 2011 which should raise the demand for the vehicles produced by Bohdan. Moreover, Millennium Capital believes the targets in public transportation segment are achievable as well given the elevated demand in the eve of Euro 2012 European Football Championship.