The American carmaker General Motors is negotiating with Russian car producers to expand its business in Russia, the company’s European head Carl-Peter Forster told journalists in St. Petersburg. He declined to name the companies involved in the negotiations, however. He also declined to comment on the possibility of teaming up with GAZ to produce an economy car. Forster said that GM occupies an 11.3-percent share of the Russian market, up 2 percent from last year, and it plans to increase that share. GM president Fritz Henderson said that GM will sell up to 400,000 vehicles in Russia in 2008. The company’s previous plans were to sell about 300,000 cars here this year. More
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July 19th, 2008 at 10:01 am
[…] Finance Information You Can Use wrote an interesting post today onHere’s a quick excerptThe American carmaker General Motors is negotiating with Russian car producers to expand its business in Russia, the company’s European head Carl-Peter Forster told journalists in St. Petersburg. He… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] […]