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Bodgan Drives across Road of Peugeot Citroen
The Nizhni Novgorod region sold yesterday an allotment in the Borsk district to Ukrainian Bodgan to establish car assembly facilities there. As a result, France’s PSA Peugeot Citroen has been left with no site to construct a manufacturing plant in Russia. Bogdan intends to assemble Chevrolet Lanos (General Motors) in Borsk, but Russia’s Economic Development Ministry and Industry and Energy Ministry will probably step in to terminate the project.
Yesterday, some United Transport Technologies Co. came up with the 30-million ruble bid for a 71-hectare allotment in the Borsk district, Nizhni Novgorod region, at the tender held by local authorities. The amount proved the winning one and the company got the desired land, which the tender documents described as “designated for constructing automobile facilities.”
United Transport Technologies represents Ukrainian carmaker, Bogdan, the regional bureaucrats said off-the-record.
PSA Peugeot Citroen that had been eyeing the Borsk district as a potential site for its own plant declined to comment yesterday. Representatives of Industry and Energy Ministry and Economic Development Ministry that are negotiating with PSA didn’t comment either.
A source with one of the ministries said the region’s authorities made haste to sell the land via a public tender, as “such big investor as PSA should be made advances.”
www.kommersant.com
All the Article in Russian as of Oct. 19, 2006
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