GAZ auto maker to launch British Maxus truck production in 2009

Automotive

GAZ, a leading Russian automaker, said on Sunday it intended to launch the production of British Maxus light trucks in 2009.

GAZ, which exports cars to 35 countries, said its facility in Nizhny Novgorod in Russia’s Volga area was expected to produce 50,000 Maxus vehicles a year. GAZ said Maxus light trucks will be priced at $20,000 and more, depending on their configuration.

British Maxus vehicles are currently produced by the LDV plant in Birmingham, England. GAZ acquired a 100% stake in LDV, a British van manufacturer, in July 2006. The shares were bought from Sun Capital, a US fund. LDV, formerly Leyland DAF Vans Limited, produces about 15,000 vehicles a year. (rian.ru)

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.