US: GAZ to buy Sebring/Stratus assembly line from Chrysler
The sale will be conducted through a US-based exporter, East Coast Trading Company (ECTC).
The equipment will be shipped from Chrysler's Sterling Heights plant, which is currently benefiting from a $US278m investment program to install flexible manufacturing systems.
GAZ will have full vehicle production and sales rights in Russia and other CIS countries. It told Associated Press it will build up to 65,000 cars annually.
GAZ will also purchase 2.4 litre engines from Chrysler's Saltillo, Mexico, plant for use in the Chrysler-based cars, as well as its Volga and Gazelle vehicles.
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DaimlerChrysler chief executive Dieter Zetsche broke with German tradition and revealed his pay package at the carmaker's annual shareholders meeting on Wednesday, according to Reuters....
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Russian automaker GAZ is considering assembling its Gazel mid-sized trucks and vans in Brazil, Boris Alyoshin, director of Russia's Federal Industry Agency, told Prime-Tass during a visit to the count...
DaimlerChrysler has said it will reduce its 30% stake in the European Aeronautic Defence and Space Company (EADS), by 7.5%....
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