RUSSIA: General Motors-Avtovaz Joint Venture Delayed
No decision on the proposed joint venture under discussion between General Motors (GM) and AvtoVAZ will be made before September 2000, according to GM. The delay is reportedly to enable GM's strategic partner, Fiat, a clear run in its launch of domestic production of the Palio and Palio Weekend at Nizhny Novgorod. The Palio is similar to the Opel Astra. However, GM stresses that the two parties are still talking and that there is no hint of a breakdown in the negotiations.
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