Friday, May 18, 2007

Russia's AvtoVAZ and Canada's Magna plan car JV

(Reuters) - "It will be a car based on new components and new
technologies, and we hope that the price for the basic model
will be less than $12,000," Artyakov said.




"The parties agreed to set up modern design and development
processes and produce sedan, estate and hatchback models at a
new car assembly plant," he added.


Read more at Reuters.com Mergers News

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