Prime-TASS News (Russia) reports that GM plans to increase its sales in Russia 30% on the year to 100,000 cars in 2006.
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The report cited remarks by GM’s Executive Manager for Russia and the CIS Warren Brown.
The total figure includes cars produced by U.S.-Russian auto manufacturing joint venture GM-AvtoVAZ, and South Korean produced Chevrolet models, he said, adding that Chevrolet cars will account for 88,000 of the total.
Richard Svando, general director of GM-AvtoVAZ, said that the company’s output is expected to decrease 9% on the year to 47,000 cars in 2006, including 1,000-1,500 Chevrolet Viva cars.
AvtoVAZ’ President and General Director Igor Yesipovsky told a press conference in December 2005, that GM-AvtoVAZ is currently making no profit and that AvtoVAZ plans to reconsider its cooperation strategy with General Motors Corp. at the next board of directors meeting.
GM-AvtoVAZ produces Chevrolet Niva sport-utility vehicles (SUVs) and Chevrolet Viva cars in Russia.
GM and AvtoVAZ both hold 41.5% stakes, while the European Bank for Reconstruction and Development (EBRD) has a 17% stake.
