Ukraine AvtoZAZ to invest $130 mln in Poland-daily

Newswire

WARSAW, May 23 (Reuters) - Ukrainian car producer AvtoZAZ will invest at least $130 million to revamp its plant in Warsaw and launch production of new compact models, Polish daily Rzeczpospolita reported on Tuesday. The daily said the AvtoZAZ's new vehicles, including a model by General Motors' Chevrolet and possibly China's Chery QQ, will compete in post-communist Central European markets. "At least 150,000 cars per year will be produced (in Poland)," AvtoZAZ chief Tariel Wasadze told ...

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