It must be Russian week. Yesterday, it was Ford and Sollers (and Sollers minus Fiat/Chrysler). Today, it’s Volkswagen and GAZ going to the altar. The two plan a joint venture to produce 300,000 cars per year in Russia, The Moscow Times reports.
The Russian press departments of the happy couple have a “no comment” on the matter. There is no press release from the Wolfsburg HQ of VW. However, Volkswagen had said in October that it was in advanced talks with GAZ.
According to the report, the joint venture will make a range of cars out of the Volkswagen stable, including the Jetta, Skoda Octavia and Skoda Yeti models. That would make sense. All of them are derivatives of the Golf.
GAZ, controlled by industrial tycoon Oleg Deripaska, will use its plant in Nizhny Novgorod for the joint-venture project. It has an annual capacity of 120,000 units per year. VW will use its Kaluga facility in Russia, where its 150,000 unit capacity can be expanded to produce 180,000 vehicles per year.