General Motors (GM) begins Aveo production in Russia with GAZ Group
First Chevrolet Aveo Comes Off Assembly Line at GAZ Auto Plant in Nizhny Novgorod, Russia
General Motors and GAZ Group, a part of Basic Element, one of the Russia’s largest diversified industrial groups, today commenced production of the Chevrolet Aveo sedan at GAZ’s manufacturing facility in Nizhny Novgorod, Russia. GM and GAZ Group signed an agreement in February 2011 to produce the Aveo at GAZ for sale in the Russian market. The companies invested US$29 million to prepare the existing GAZ passenger car production facility for the Aveo project.
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