MOSCOW, July 31 (RIA Novosti) - Russian auto manufacturer GAZ Group plans to start production of Maxus light trucks in Nizhny Novgorod in 2008, the company president said Monday.
Eric Eberhardson said at the initial stage the company would produce up to 20,000 trucks in Russia.
GAZ Group was established in 2005, after RusPromAvto restructured its production assets.
GAZ Group said earlier Monday it had acquired a 100% stake in LDV, a British van manufacturer. The shares were bought from Sun Capital, a U.S. fund. Birmingham-based LDV, formerly Leyland DAF Vans Limited, produces about 15,000 vehicles a year.
Based in the central Russian city of Niznhy Novgorod, GAZ supplies vehicles to 29 countries in the former Soviet Union, Eastern Europe, Southeast Asia, Africa, Latin America, and the Middle East. GAZ produces about 200,000 vehicles a year.
