Russia’s GAZ Group will triple auto components purchases in the United States to US$1.2bn over three years according to Novecon.
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The spending surge reflects the impact of GAZ’s new Siber model – based on the old Chrysler Sebring – which enters production in 2008.
The group indicates that the large volume of components purchases from the US does not detract from its plans for 50% local content in the Siber.
The report said that the Siber costs US$14,000 to produce and output is projected at 65,000 units a year.
Over a full year, component purchases from the US will be worth US$400m, the report said.
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By GlobalDataSee also: RUSSIA: GAZ revives previous-generation Chrysler Sebring
