GM is planning to open its Russian plant in the town of Shushary (St. Petersburg region) on November 6.
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GM has invested around USD300m in the project and the new plant will complement existing GM operations in Togliatti and Kaliningrad.
The company is to produce the Chevrolet Captiva and Opel Antara in the first stage, and later will manufacture the Chevrolet Cruze in the middle of 2009. Capacity will be around 100,000 units a year.
“GM has been a pioneer investor in the Russian automobile market. Our latest investment reflects our desire to build our cars and trucks in the major markets that we sell them, and our commitment to supporting industrial growth and employment in the Russian market”, said Warren Browne, GM executive in charge of Russia.
Every stage of the project development took place in close collaboration with the St. Petersburg city authorities who, GM said, “have created favourable conditions for foreign investors”.
