GM, AvtoVaz to restart troubled car venture Tuesday

Newswire

MOSCOW, Feb 20 (Reuters) - U.S. General Motors' car joint venture in Russia, which stopped work last week amid speculation the Kremlin may be seeking to grab it, agreed on Monday to resume work following a bout of hard talks. "General Motors, AvtoVaz and the EBRD (European Bank for Reconstruction and Development) reached an agreement allowing the plant to go back to work, effective tomorrow, 21st of February 2006," the venture said on its site www.gmavtovaz.ru. The venture with Russian ...

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