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Russian auto maker, GAZ, became a partner with General Motors in Italian VM Motori. This way both companies can produce the diesel engines of the highest class from the world famous Italian manufacturer.
GAZ CEO, Sergey Zenozin, is happy about this partnership and thinks it is a great opportunity for their company, because GAZ received an access to “world-class diesel engine design and manufacturing”.
Due to high gasoline prices many Russian customers prefer vehicles with any alternative fuel and diesel is one of them. The demand on this kind of engines grows quickly and with the help of the Italian manufacturer, GAZ can produce the highest quality product of what people need.
VM Motori licensed production will be used in Gazelle and Maxus vans and trucks assembled by GAZ.
Since American government does not cherish the heads of General Motors, Russian GAZ Group decided to offer one of them a good position. GM executive, Bo Andersson has already accepted the position of the chairman of GAZ board, but the final settings will be done on June 29 when company’s general annual meeting will take place and the list of major candidates will be discussed.
Russian number-one auto manufacturer, GAZ, is planning to purchase Opel, the brand that was one of the three General Motors planned to sell. At this moment GAZ is talking with its main creditors, Russia’s Sberbank and Canadian auto parts maker Magna, whether they will have enough funds for the project.
The Swedish automaker Volvo designed a new diesel engine which will be a part of Volvo S80. It is claimed to be much better than its predecessor.
During long summer vacation auto manufacturers are preparing new models for the autumn shows. 2009 Frankfurt Auto Show is going to be first largest one and car makers already set their plans for it.
The visitors of Goodwood Festival of Speed which will take place this weekend, will be pleased to see a great variety of Jaguar high-performance cars.