GAZ will assemble the next-generation Chevrolet Aveo in Russia

Article by Christian Andrei, on February 3, 2011

To boost its presence in the fast-growing Russian market, General Motors Co. will assemble 30,000 of its Chevrolet cars at Russian group GAZ's facility. GM said production would begin with a goal to start selling the Aveo small-segment car in 2012.

Chevrolet Russia managing director Alexander Moinov said that costs have to be kept low and the company has to remain competitive with other manufacturers.

Part of businessman Oleg Deripaska’s Basic Element group, GAZ had been in talks with Volkswagen AG about becoming partners.

Bo Andersson, GAZ CEO, told Reuters a deal with VW has yet be signed and added that the contract (with GM) does not rule out the possibility of working with other car manufacturers.

Russia had been set to become Europe's biggest car market before the economic crisis caused sales to halve in 2009; however, analysts expect a return to pre-crisis levels by 2012.

Western carmakers have been striking partnerships with Russian carmakers in the past three years as they seek to tap into a market that is expected to grow 17 percent in 2011 after 30 percent growth in 2010. Renault S.A. has a 25 percent stake in Lada maker AvtoVAZ. Meanwhile, Daimler AG has entered a deal with Kamaz and Fiat S.p.A. with Sollers.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
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