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EGYPT: GAZ, Magna talk alloy castings JV

By just-auto.com editorial team | 14 March 2008

Russia's GAZ Group and Magna are in talks about launching a joint venture to produce aluminium automotive castings, Sergei Zanozin, CEO of GAZ Group, said during an industry conference in Egypt.

According it an Itar-Tass report, GAZ Group and Magna already have an auto component joint venture while Russian Machines, which controls GAZ Group, holds about 40% of Canada-based Magna's voting shares.