GM pulls out of Russian car assembly business with AvtoVAZ

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Thread: GM pulls out of Russian car assembly business with AvtoVAZ

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    GMI Staff Member Premium Member nadepalma's Avatar
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    GM pulls out of Russian car assembly business with AvtoVAZ

    GM pulls out of Russian car assembly business with AvtoVAZ deal
    GLEB STOLYAROV and ALEXANDER MARROW
    December 09, 2019
    Reuters via autonews.com

    MOSCOW -- Russia's biggest automaker AvtoVAZ said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM's presence in car assembling in the country.

    Russia's car market was among Europe's top performers before the imposition of western sanctions in 2014 which, coupled with falling oil prices, sharply weakened the ruble, increased the cost of buying a car and curbed Russians' ability to buy new vehicles.

    On Monday, AvtoVAZ signed an agreement to buy GM's 50 percent stake in the venture, which sees the two companies produce the Chevrolet Niva from a factory in Togliatti, a city on the Volga river.
    According to the agreement, the factory will continue producing and selling cars under the Chevrolet brand for "a certain period of time" before switching to Russia's Lada brand.

    Built in 2001, the Togliatti factory has the capacity to make up to 100,000 cars a year and produces the Chevrolet Niva, whose design was based on the Soviet-era Niva by AvtoVAZ engineers and developed further with GM's input.
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    7.0 Liter LS7 V8 JimmyDiablo's Avatar
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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    I'm confused, I thought they pulled out years ago....

    PS

    Dear GM:
    Bring it here instead!

    #makesabetterblazer/trailblazer


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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    After the B.S. Russia saddled us with, I say screw em...they deserve to drive those POS Skodas exclusively for all eternity.
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    R2-D2 Astromech Droid sfbreh's Avatar
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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    Quote Originally Posted by JimmyDiablo View Post
    I'm confused, I thought they pulled out years ago....

    PS

    Dear GM:
    Bring it here instead!

    #makesabetterblazer/trailblazer

    All you really want off of it basically amounts to accessories, which they could easily do.

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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    Quote Originally Posted by sfbreh View Post
    All you really want off of it basically amounts to accessories, which they could easily do.
    True to a degree. If it has more ground clearance and skid plates standard along with a selectable 4X4 system under it for starters that would be worth it. All the aftermarket gizmos just serve the purpose of added bling, except for maybe the winch.

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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    Quote Originally Posted by JimmyDiablo View Post
    I'm confused, I thought they pulled out years ago....

    PS

    Dear GM:
    Bring it here instead!

    #makesabetterblazer/trailblazer

    That would not be in line with the current GM offerings. You really want to break the boring lineup with that?

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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    Quote Originally Posted by canadian.bacon View Post
    That would not be in line with the current GM offerings. You really want to break the boring lineup with that?
    We do. GM doesn't.
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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    This has had to have taken this long only because the Russians didn't want to pony up the cash. GM wanted out in 2013, at least, if not earlier.

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    Re: GM pulls out of Russian car assembly business with AvtoVAZ

    the worst possible whoring of Chevy badge finally ends.
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