MOSCOW — General Motors Corp. and Russia's AO AvtoVAZ this month formalize their US$332 million joint venture to build automobiles in Russia (see WAI Update — Feb. '01, p.1). The European Bank of Reconstruction and Development (EBRD), which is contributing US$140 million in financing, is the third partner. GM Chief Executive G. Richard Wagoner traveled to Russia to sign a General Framework Agreement for the venture. Terms call for GM and AvtoVAZ each to hold 41.5% stake in the JV, with ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.