Fleet News

GM begins Russian venture

THE new GM-AvtoVAZ joint venture plant in Russia has started production of the Chevrolet Niva for the Russian market.

At a ceremony attended by Russian government officials production was officially started at the plant in Togliatti.

GM said: 'The Chevrolet Niva represents a new level of value for the Russian market. Based on local development and built in the 'state-of-the-art' production facility in Togliatti, the 4x4 small sport utility vehicle is expected to sell for about $8,000, placing it in the largest price segment of the Russian market.'

And General Motors Corporation chairman Jack Smith added: 'The fact that just 15 months ago we signed this agreement and today, we stand here in this brand-new facility to mark the start of production of an all-new vehicle, demonstrates the incredible dedication and commitment of all who have been involved in this project.

'It reflects the importance we place on being present in the Russian market - utilising local expertise and resources to tap the vast potential of this important growth market.'

For the first full year of production, GM-AvtoVAZ plans to produce 35,000 Chevrolet Nivas. By 2005, production is expected to reach 75,000 units.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee