AvtoVAZ will produce an SUV and a sports hatchback

AvtoVAZ will produce an SUV and a sports hatchbackIn the framework of a future joint venture with the canadian company Magna, the agreement which was signed last week, Volzhsky automobile plant plans to develop and put on a conveyor from three to ten new models. This publication reports the newspaper "Vedomosti", the reporter who managed to see the signed documents. It is expected that total investment in the new project will be from 1.6 to 1.7 billion US dollars.Primarily on the basis of a new platform of Lada 2116, which will cost the parties within seven million euros, will be developed three new models - sedan, wagon and hatchback, which will be in production in December 2009, July 2010 and December 2010 respectively. The estimated cost of these machines is in the range from 10 to 12 thousand dollars.Later, in the period from 2010 to 2012 AVTOVAZ and Magna are going to develop seven more models on the same platform - it will be a compact MPV, all-wheel drive station wagon, minivan, compact SUV, four-wheel drive van and also a compact and sporty hatchbacks. However, what really gets in mass production is not yet known.It is planned that the plant JV will operate according to a modular principle - each partner will own separate parts of the plant. For example, AVTOVAZ will likely be engaged in the creation of welding and Assembly production, and Magna will undertake the construction of the punching Department. For automobile painting parties plan to attract another investor.In addition, AVTOVAZ, as the ultimate owner of the manufactured cars will have to pay the cost of materials and work, and also engaged in the marketing of finished products.It is also possible that part of the future capacity of the JV will take under issue one or more models of foreign brands. In this case, Magna will be able to organize the entire production cycle, and released the machine will belong to her and her partners.auto.lenta.ru25.12.2006.



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