Turin meets Detroit - on the Volga. (the need for foreign investments in the Russian automobile industry)(Brief Article)
Economist (US), The, March, 1998
HISTORY is repeating itself in Nizhny Novgorod, 250 miles east of Moscow on the banks of the Volga river. Almost 70 years ago the Ford Motor Company showed the Russian government how to build a world-class car plant there. Cars, commercial vehicles and the odd missile-launcher have been rolling out of the gates of this "Gorky" plant ever since. In 1992 the plant was reorganised into a private enterprise known as GAZ, after the initials of the factory's Russian name, Gorkovy Avtomobilny Zavod. Now GAZ is seeking foreign help once again. Last month it set up a joint venture with Fiat to build another world-class car plant. This week General Motors said it might follow suit with another Russian car maker, Avtovaz.
Under communism the motor industry was starved of...
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