GM and "AvtoVAZ" is preparing to present a new joint project

February-March 2003 "AvtoVAZ" and General Motors Corporation plan to announce a decision on the possibility of creating a new joint project. As the chairman of the board of directors of Russian companies, Vladimir Kadannikov, is currently in the final round of negotiations. "The set of options for cooperation. Around the end of February or early March meeting with the president of GM Rick Wagoner, where he will be the principal decision whether to be the project "- said a top manager. Recall JV «GM-AvtoVAZ", which started production of marketable cars «Chevrolet-Niva" in fall 2002, has repeatedly announced plans to expand the range of cars. Director General of «GM-AvtoVAZ" John Mylonas previously reported that GM and "AvtoVAZ" considering the creation of a new joint venture in Togliatti to produce engines of German corporations Opel, which is part of GM. Source: RIA "Interfax"