GM to launch car plant at St Petersburg in November

RIA Novosti cited Ms Valentina Matvienko governor of St Petersburg, when delivering the annual address to the Legislative Assembly of the city, as saying that General Motors will launch its new plant at St Petersburg on November 5th 2008.

Ms Valentina Matvienko said “The second automobile plant of General Motors will be launched on November 5th 2008 and that laying the foundation stone of Hyundai has been slated for June when St Petersburg hosts the Economic Forum.”

The report added that General Motors, will launch in St. Petersburg the plant worth roughly USD 300 million with the annual capacity of 70,000 cars. Captiva off highway vehicles are amid the models to be made by GM in that city of Russia.

General Motors is represented in Russia already. The company has a joint venture with local automobile giant AvtoVAZ. GM-AvtoVAZ was set into motion September 2002 and it currently makes Chevrolet Niva off highway vehicles and Chevrolet Viva cars.