Russia's First Deputy Prime Minister Sergei Ivanov, right, and St. Petersburg Governor Valentina Matvienko attend the ceremony of laying the foundation stone for Nissan plant in St. Petersburg, July 8, 2007.
Photo: Mikhail Razuvaev
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GM to Launch Carmaker in St. Petersburg Nov. 5
General Motors will launch a plant in St. Petersburg on November 5, 2008, St. Petersburg Governor Valentina Matvienko announced when delivering the annual address to the Legislative Assembly of the city, RIA Novosti reported.
“The second automobile plant, General Motors, will be launched November 5,” the governor said, reminding that laying the foundation stone of Hyundai has been slated for June, when St. Petersburg hosts the Economic Forum.
One of the global carmakers, General Motors, will launch in St. Petersburg the plant worth roughly $300 million with the annual capacity of 70,000 cars. Captiva off-highway vehicles are amid the models to be made by GM in that city of Russia.
General Motors is represented in Russia already. The company has a joint venture with local automobile giant AvtoVAZ. GM-AvtoVAZ was set into motion September 2002 and it currently makes Chevrolet Niva off-highway vehicles and Chevrolet Viva cars.
Toyota Motor Corp. inaugurated its facility in St. Petersburg past fall. Suzuki and Nissan are also amid the companies that have decided to have plants there.
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