GAZ Group is mulling a RUB11bn (US$329m) investment into its Ural Automobile Works as it takes the temperature of dealer reaction to a new model range.
Established in 1941 on the site of the evacuated Moscow Automobile Works (ZIS) following the exodus of many heavy industries from the Russian capital during the second world war, the plant produces all-terrain and all-wheel drive trucks.
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“[Bo] Andersson [GAZ Group CEO] is considering to invest in the Ural plant and develop the new range for five years – it is RUB11bn,” a GAZ Group spokeswoman told just-auto from Moscow.
“[The] Ural plant is developing a new strategy of renewal of the model range and it arranges a lot of meetings with clients and dealers to get feedback about the new [unspecified] models.
“When the new strategy is done, there will be the decision about this investment. So now, the Ural plant is working on the details.”
GAZ Group says the Ural Truck Plant was the first automobile company in Russia to achieve ISO 9O01 quality recognition.
This week has marked a busy period for the Russian automaker, which also said it will deliver 330 PAZ-32053 chassis to Cuba by the end of 2013, with Havana planning to start its own production of buses on the base.
GAZ Group has already delivered 210 PAZ-32053 chassis to Cuba and plans to deliver 120 PAZ more chassis by the end of the year.
