GAZ will assemble the next-generation Chevrolet Aveo in Russia

Article by Christian A., 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

Recommended

Is there anything more exciting than a spoiler? Well, for those who didn't know, there are those who have already seen the Mercedes-AMG Project One (in the flesh) way before...
by - April 25, 2017
Does the Honda Passport ring a bell to you? This was the first ever SUV that was sold by the Japanese automaker, but it was not that successful compared with...
by - April 25, 2017
Wagon buyers who prefer their vehicle to be luxurious, you will have an entirely brand new selection at the latter part of this year. Porsche will start rolling out 4...
by - April 25, 2017
McLaren rejects the idea of creating anything other than a sports car. That means that vehicles that would be ideal for families such as an SUV or a crossover are...
by - April 25, 2017
The new and improved Opel Grandland X is out, and this large SUV is something the European market did not know they would need. Now measuring at 14.7 feet (4.48...
by - April 25, 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