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10th June, 2011

General Motors and the Russian Federal Ministry of Economic Development have signed an agreement that will result in the expansion of GMs manufacturing capability in Russia.

Over the next five years, GM will increase the production capacity at its wholly owned plant in St. Petersburg to 230,000 vehicles per year. In addition, the GM-AVTOVAZ joint venture in Togliatti will also increase production. This plant will maufacture up to 120,000 vehicles per year. Current production at the two facilities is about 200,000 vehicles annually.

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GM regards Russia as an important strategic market. This agreement will help us expand our operations, said Jim Bovenzi, President and Managing Director of GM Russia and CIS. We look forward to offering our local customers more great products that meet their desires and needs.

Under the agreement, GM will increase its share of locally sourced components to an average of 60 per cent and grow its percentage of vehicles with locally sourced engines and transmissions to 30 per cent. GM will also expand its engineering, research and development centre in Russia, which will enable it to develop products tailored for the Russian market. In exchange for these significant investments in the domestic economy, the Russian government will provide GM lower customs duties on imported components for eight years.

GMs facility in St. Petersburg will continue to manufacture Chevrolet and Opel models for the Russian market. GM-AVTOVAZ will concentrate on the production of small SUVs and all-new versions of the Chevrolet NIVA and Lada 4X4.


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