UPDATE 1-Russia's AvtoVaz looking for way out of GM venture

Newswire

(Writes through with GM and analyst comments) By Dmitry Solovyov and Michael Shields MOSCOW/FRANKFURT, April 26 (Reuters) - Russian car maker AvtoVaz is considering ways to end its partnership with U.S. General Motors , an AvtoVaz spokesman said on Wednesday. GM called its venture in Russia a success story, however, and said it was unaware of any formal offer from the other side that could break up their venture to make sport utility vehicles. Set up in 2001 to produce up to 102,000 ...

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