JOINT VENTURE OF "AUTOVAZ" AND GM WILL ASSEMBLEAN AUTOMOBILE FOR THE MIDDLE CLASS

A&G Information Services, October, 2003

A&G Information Services 10-14-2003 JOINT VENTURE OF "AUTOVAZ" AND GM WILL ASSEMBLEAN AUTOMOBILE FOR THE MIDDLE CLASS ST.PETERSBURG, RUSSIA, OCT 12, 2003 (A&G News via COMTEX) -- Itwill be the German Opel Astra. Production of itsRussian modification will begin in 2004 and willbe the second project of the "GM-"AutoVAZ" jointventure in the below $10,000 market segment.The "GM-"AutoVAZ" joint venture was establishedin summer, 2001.

In September, 2002 the firstoff-highway vehicle, Chevrolet Niva, wasproduced. In 2002 the company produced 456 carsof this type. The volume planned for 2003 is35,000 cars and for 2004 - 60,000. URL: http://www.aginform.com Copyright 2003 A&G Information Services (via Comtex). All rights reserved