autoevolution
Car video reviews:
 

GM to Invest $1-Bilion in Russia During Next 5 Years

After China, Russia is one of the fastest growing and developing auto markets in the world. Now, following the Chinese model of outsourcing as much as possible, GM will be investing a reported $1-billion in Russia, during the next five years.
GM 1 photo
The American giant currently makes cars in Togliatti, St. Petersburg and Kaliningrad, and with the substantial investment will be increasing its production capacity in the country, as well as local supply chains and other auxiliary manufacturing operations.

One number which will make you better understand GM’s move is the number of cars sold in Russia, in 2011, which rose by 40%, reaching an unprecedented total number - 2.5-million units. Of that total figure, 70% were cars made by foreign brands - that’s over 1-million cars.

First to benefit from this wave of money, is the St. Petersburg plant, which currently makes the Opel Astra and the Chevy Cruze - plans are to double its capacity to 230,000 units per year. Also, production of the Chevrolet Niva will rise from 70,000 to 120,000 units per year.

Story via autonews.com

 
 
 
 
 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories