FYI, Russian Machines is a holding that incorporates the GAZ Group (GAZ, PAZ, LAZ, YaMZ and many other formerly independent factories which build buses, trucks and engines) along with several manufacturers of engineering vehicles and military equipment.
http://www.russianmachines.ru/
I'd guess they are probably seeking to acquire the technology and equipment to license small cars like the Daewoo Nexia/Cielo, the Lanos and the Matiz, since they have already licensed the previous generation Dodge Stratus (specifically, the Chrysler Sebring variant). The Russian analysts also suggest they will team with AvtoVAZ, which tried to bid for former Indian subsidiary of Daewoo Motors not long ago.
PS.
http://www.prime-tass.ru/news/show.a...682213&ct=news
Quote:
Moscow, April 27. PRIME-TASS. JSC Russian Machines bids to buy the Romanian automobile factory which was formely the property of Daewoo Motors.
The company officials disclosed that Russian Machines applied for the participation in the 1st stage of the tender to privatize the factory.
Dow Jones reports that Ford and General Motors are bidding alongside the Russian enterprise.
At the present time the Romanian factory still produces older Daewoo models like the Cielo, the Matiz and the Nubira (which is the previous generation Lacetti/Optra - DmitryKo)
The Romanian government states that the final bid price will not be a deciding factor. The winning party will be obliged to rebuild the factory and to use car parts from local suppliers. More that that, the winner will have to make at least 1 million cars annually.
The factory is capable of producing 200 thousand cars and 300 thousand engines annually. The Romanian government holds 72% of the shares.
JSC Russian Machines was formed by the Base Element company (formerly Siberian Aluminum or SibAl) to manage its machine-building assets. For example, Russian Machines hold the majority of shares in JSC GAZ.
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