MOSCOW, Sept 30 (Reuters) - A Russian joint venture of General Motors and AvtoVAZ plans to invest up to $500 million in a new engines and parts factory, a newspaper said on Thursday. Vedomosti business daily quoted sources close to the companies as saying the factory, in the city of Tolyatti in Russia, should start work in 2007. The paper said the joint venture, GM-AvtoVAZ, would make an official announcement in November. The Russian company was not immediately available for comment.
Premium Content (PAID Subscription Required)
"GM-AvtoVAZ to put up to $500m in Russia plant-paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642