Joint venture "GM - AvtoVAZ," despite the serious shortfalls in the plan in 2003 will make a profit. This was announced by CEO John Milonas JV, at a meeting with reporters at the Togliatti last week. Profit margins, Mr. Milonas did not specify, citing trade secrets, but said that the company went to work at a profit after only 8 months after the start of the assembly SUVs "Chevrolet-Niva". Serious nedovypolneinenie plan (of about 10 000 units), according to John Mylonas, has become a major failure of the plant this year. All other plans are scheduled for the year have been successfully implemented. Nevertheless, on December 22 a joint Russian-American venture in Togliatti agreed to suspend the assembly of cars. Conveyor JV will stand for three weeks - until January 12 next year. All other services of the enterprise will operate. According to preliminary data of JV "GM - AvtoVAZ" in 2003 released a little over 25 thousand off-road vehicles "Chevrolet-Niva", of which about 22 thousand already sold.
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