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What's good for GM, is good for Russia?
Posted by John A. (more from John A.) on Thu, 8 Feb 2001 13:51:26
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GM Pulls $330M Venture Out of Rut
By Lyuba Pronina
Staff Writer After years of delay, U.S. auto giant General Motors has given the green light to a $330 million venture with car maker AvtoVAZ and the EBRD that will be one of the biggest foreign investments yet in Russia, an executive close to the talks said Wednesday.
GM’s board overwhelmingly approved on Tuesday night the as yet unnamed venture to manufacture Niva 2123 sports utility vehicles, the source said. Tolyatti-based AvtoVAZ is expected to give the go-ahead Thursday.
rest of article here:
http://www.themoscowtimes.com/stories/2001/02/08/001.html
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