UPDATE 1-Russia's GAZ Group to buy LDV, expand UK plant

Newswire

(Adds GAZ statement, conference call, background) MOSCOW/LONDON, July 31 (Reuters) - Russian auto maker GAZ Group agreed to buy British vanmaker LDV on Monday, securing production and 850 jobs at the firm's plant in central England. The company, controlled by metals tycoon Oleg Deripaska, said it planned to boost production at the LDV plant in Birmingham and also start making LDV vans in Nizhny Novgorod, Russia, aiming to make 20,000 vans per year in 2008. LDV plans to produce 10,000 ...

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