Russia's GAZ to invest in new van, truck engines

Newswire

GRAZ, Austria, July 26 (Reuters) - Russian auto maker GAZ plans to invest hundreds of millions of dollars in building new engines for its light and heavy commercial vehicles, executives said on Wednesday. GAZ will decide within two months whether to invest $100 million to $300 million in equipping its Gazelle vans with new diesel engines, either by building them under licence or by expanding its production capacity. The company, controlled by metals tycoon Oleg Deripaska, also plans to ...

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