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GM abandons Russian car assembly business with sale of JV interest to AvtoVAZ
On December 9, Russia's biggest automaker AvtoVAZ announced it has signed an agreement to buy GM's 50% stake from their Togliatti-based GM-AvtoVAZ joint venture plant now producing the Chevrolet Niva.
Avtovaz did not disclose financial details of the deal which would end GM’s presence in the car assembling business i....
Avtovaz did not disclose financial details of the deal which would end GM’s presence in the car assembling business i....
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