GM aligns with GAZ Group to build Chevy Aveos in Russia

General Motors Company (NYSE: GM) and GAZ Group, one of the largest automotive holding companies in Russia, have teamed up to build the new Chevrolet Aveo at GAZ’s facility in Nizhniy Novgorod, Russia.

Both have signed an agreement for the contract assembly, scheduled to begin in mid-2012.

According the GM news release, about 30,000 Aveo sedans and hatchbacks are expected to be assembled annually. The vehicles will be sold on the Russian market.

Jim Bovenzi, President and Managing Director of GM Russia and CIS, said: “General Motors is focused on strengthening its market position in Russia. By leveraging GAZ’s established resources, we will address the demand for affordable vehicles in the sub-compact class while continuing the localization of our product line-up in Russia.”

Bo Andersson, President/CEO of GAZ Group, said: “The cooperation with GM will strengthen quality and technology of every production capacity of GAZ. The decision taken enables GAZ to effectively use the investments in the passenger car facility and to contribute the qualified workforce in the project with GM.”

http://media.gm.com/content/media/us/en/news/news_detail.globalnews.brand_gm.html/content/Pages/news/us/en/2011/Feb/0201_russia

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