VIENNA – The GM-AvtoVAZ board of directors approves funding to extend plant capacity to 120,000 vehicles annually by 2015 and to develop the next-generation Chevrolet Niva SUV. The joint venture “will fund the two projects with its own resources,” GM-AvtoVAZ says in a prepared statement following the board’s recent meeting in Togliatti, Russia. A new stamping plant, body shop and engineering-support facilities will be established on a 49-acre (20-ha) site in the ...

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