VIENNA – Russia’s largest auto maker OAO AvtoVAZ and Magna International Inc. will build a plant that will produce a new C-segment car, AvtoVAZ Chairman Vladimir Artyakov tells the Russian business daily Kommersant. The official joint venture contract is due to be signed on Friday (Dec. 22). The 50/50 plant represents an investment of about $800 million and will have an initial annual capacity of 220,000-240,000 vehicles. Artyakov says AvtoVAZ will be responsible for welding and ...
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