RUSSIA: General Motors aims to capitalise on domestic success
General Motors says it is looking to build on the wave of growth in Russia as the country's automotive sector bucks the otherwise gloomy economic environment of neighbouring Europe.
Speaking to media at yesterday's (5 February) GAZ Group production launch of GM's Chevrolet Aveo model at the Nizhny Novgorod plant, GM Russia managing director and president, Jim Bovenzi, emphasised the US automaker was "comfortable" with the brand's success from being manufactured in Russia.
"This is the only place in Europe that we build this car and we are very comfortable this will be a very successful vehicle for GAZ Group and GM," said Bovenzi.
"In 1992, GM started with a representative office in Russia and now Russia is Chevrolet's fourth largest market globally. The country has undergone tremendous growth and GM is committed with Russia and [to] invest more heavily."
GM has other Russian plants apart from Nizhny Novgorod, including sites at Togliatti and St Petersburg, with the latter due to undergo major expansion from 98,000 to 230,000 models per year.
"This country is a milestone," added Bovenzi. "We sold our millionth Chevrolet last year and it was to a customer right here.
"So this country is very important to us. Today is the beginning, but really, 20 months ago a lot of work started."
The row over air conditioning refrigerant between the French government and Daimler's Mercedes-Benz Cars has kept one of our number rather busy this week....
General Motors has hired former Volvo CEO Stefan Jacoby to head up international operations. He replaces Tim Lee, who will take up the position of chairman, GM China....
Opel Australia is to close its operations after less than a year of trading, General Motors has announced....
Vehicle sales in Canada rose more than 7% to hit a record July high with Chrysler outselling Ford and General Motors....
New vehicle sales in Brazil slowed in July according to market sources as weaker consumer confidence begins to catch up with what is now the world's fourth largest car market....
Honda market share in the US shrunk by 0.1% despite its vehicle sales jumping 6% from a year ago, as rivals have posted stronger growth helped by sales of light trucks....
- PLDB Future Models - LA & Guangzhou shows insights
- THE WEEK THAT WAS: All eyes on Vienna
- ANALYSIS: Opel-Vauxhall and Buick's shared future
- VEHICLE ANALYSIS: Lexus NX 300h
- THE WEEK THAT WAS: Lexus concedes to Germany
- BELGIUM: Jaguar overtaken by Lexus across Europe
- GUANGZHOU DEBUTS: 'Chery Land Rover' Evoque
- Jaguar Land Rover to recall vehicles over TPMS
- 2014 LA SHOW: World debuts list [final version]
- JLR announces new connectivity platform/app