Russia’s PAZ, Brazilian Marco Polo mull JV on bus production

Automotive

Russia’s Pavlovsky Bus Plant (PAZ) is holding talks with Brazilian bus manufacturer Marco Polo to form a joint venture for production of small class buses, the head of the GAZ Group’s buses department said Friday.

Sergei Zanozin said the results of the talks will be announced during the Interavto-2007 car salon, to be held in Moscow between August 29 and September 4. He said the buses will be produced jointly in Russia and assembly could begin this year.

Pavlovsky Bus Plant is a part of Russia’s GAZ Group, which was established in 2005 after RusPromAvto restructured its production assets. Based in Nizhny Novgorod, GAZ supplies vehicles to 29 countries in the former Soviet Union, Eastern Europe, Southeast Asia, Africa, Latin America, and the Middle East. Altogether, GAZ produces about 200,000 vehicles a year. (rian.ru)

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.