Exclusive Breaking News from just-auto.com: GM Approves AutoVAZ Project

    LONDON, Feb. 7 http://www.just-auto.com -- General Motors
Corp. yesterday approved a $US333 million project to make cars in Russia with
AO AvtoVAZ and European Bank for Reconstruction and Development (EBRD),
according to industry sources.
    An exclusive report at http://just-auto.com/news_detail.asp?art=23566
reveals that the venture would build an upgraded version of AutoVAZ's new Lada
Niva 2123, using investments of $US101 million from AutoVAZ, US$99 million
from GM and US$40 million from EBRD, plus a $US93 million loan from the bank.
    Insiders said that the model would be sold under the US automaker's
Chevrolet brand in Russia and elsewhere, and would be made at a new plant at
AutoVAZ headquarters in Tolyatti.
    For the full story and breakdown of investment, click here:
http://just-auto.com/news_detail.asp?art=23566

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