GENEVA — General Motors Corp. will be responsible for the day-to-day operations of its joint venture with OAO AvtoVAZ, says David J. Herman, vice president in charge of Russia and the Newly Independent States. GM, Russia's largest automaker, OAO AvtoVAZ, and the European Bank for Reconstruction and Development (EBRD) are forming a JV to build the Lada Niva sport/utility vehicle (SUV) with a Chevrolet badge. GM and AvtoVAZ each will hold a 41.5% stake in the company, with the EBRD holding ...
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