Daimler and GAZ to to invest more than €100 million in Russia

Article by Christian Andrei, on January 1, 2011

Daimler AG and GAZ, the Russian commercial vehicle maker, recently signed a memorandum of understanding in Nizhny Novgorod, Russia, to produce Mercedes-Benz Sprinter vans in Russia.

There are also plans to locally produce transmissions, engines, axles, and other components, which will then be used in the Mercedes-Benz Sprinter and in the GAZ product portfolio.

GAZ and Mercedes-Benz Vans, pending positive findings of a technical feasibility study, will start preparing the Nizhny Novgorod production location in 2011 for the joint production of vehicles and components.

This entails modification of the existing light commercial vehicles production facilities at the site, training GAZ employees for their new tasks and bringing new facilities to Russia. After production is launched, it is anticipated that about 25,000 Sprinter units will roll off the assembly line in Russia in a typical year.

Daimler will organize sales and servicing of the vehicles through the current Mercedes-Benz dealership network, with the support of selected GAZ dealerships.

During the project's official presentation, Dieter Zetsche, Daimler CEO and Head of Mercedes-Benz Cars, said that Russia has great opportunities for growth. Zetsche added that the GAZ partnership emphasizes the fact that Daimler has come to stay and to achieve further growth.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries