Remember Oleg Deripaska? The Russian oligarch that had been under suspicion of money laundering and organized crime activities? The very same Deripaska GM did not want to have close to Opel for fear of losing their precious intellectual property ? Yes, him. GM just handed him the blueprints and the tooling for the Chevy Aveo.
According to a GM press release, “General Motors Co. and Russian automotive manufacturer GAZ Group, part of Oleg Deripaska’s ‘Basic Element Group’, have signed an agreement for the contract assembly of the new Chevrolet Aveo small car at GAZ’s facility in Nizhniy Novgorod, Russia.”
Production of some 30,000 Aveos is scheduled to begin in mid-2012. The cars are for the Russian market. The new Aveo (Chevrolet Sonic in the USA) hatchback is latest technology. It debuted at the 2010 Paris Motor Show, and is a volume car destined for markets around the world. The Aveo shares a lot of technology with, some say is based on the Opel Corsa. So finally, Oleg gets his wish: An Opel.