Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  
Variance

WHISPERS: Will the Russians Ditch General Motors?

Recommended Posts

WHISPERS: Will the Russians Ditch General Motors?

Date posted: 02-03-2006

TOGLIATTI, Russia — Russian automaker Avtovaz, which is now controlled by Moscow, said it will build a new factory near its existing facility here on the Volga River and is reviewing its joint venture with General Motors.

Known outside Russia for its clunky Fiat-based Ladas, the company has been in the process of updating its model range for more than a decade while struggling with chronic cash-flow problems. Avtovaz had a dream of cracking the U.S. market back in the 1970s but never got any closer than Canada.

The automaker builds more than 700,000 cars a year and is far and away Russia's largest vehicle manufacturer.

Avtovaz executives said the new factory will have an annual capacity of 450,000 vehicles and will take at least three years to complete. They also said the unprofitable GM venture, which builds the Chevrolet Niva compact SUV, may be shuttered.

A news report from Reuters quoted a GM spokesman as saying: "We have [an] interest in making sure we maximize efficiencies in the relationship so that it is beneficial to both parties."

What this means to you: Unlike the Chinese, it looks like the Russians are still a long way from selling cars in the U.S. market.

Link: http://www.edmunds.com/insideline/do/News/articleId=109172

Share this post


Link to post
Share on other sites

The market is already saturated, imo. I don't think we need more brands.

Edited by -Camaro-

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Who's Online   0 Members, 0 Anonymous, 6 Guests (See full list)

    There are no registered users currently online



About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.