Vadim Shvetsov, Sollers director general, told Interfax that Fiat and Sollers intend to invest 2.4 billion euros in a Russian joint venture, which is slated to build as many as 500,000 Fiat cars annually. It’s possible that the loan will be set up by the state-owned VEB bank, which has been tasked by the Russian government to support the modernization of the Russian economy. Shvetsov said that the application will be officially submitted to VEB at the start of July. And in the end of 2011 or sometime at the start of 2012, the venture will make 300,000 cars annually. In 2009, the global economic crisis halved annual sales at the height of the global economic crisis. The rate of new-car sales shot up to 31% year-on-year in May. However, year-to-date sales were still lower than during the same period in 2009.
Blog Archive
Labels
- Acura
- airbrush
- Alfa Romeo
- Aprilia
- Artega
- Ascari
- Aston Martin
- Audi
- Austin 7
- auto performace
- auto spot
- Automotive Wallpapers
- Bentley
- bmw
- Body Kits
- Brabus
- Bugatti
- Cadillac
- Camaro
- Car Interior
- car news
- car performace
- Chevrolet
- Chrysler
- Citroen
- Collection
- Concept Cars
- Contest
- Dacia
- Daihatsu
- Detroit Auto Show
- Dodge
- Ferrari
- Fiat
- Harley-Davidson
- Honda
- Hummer
- Hybrid
- Hyundai
- Infiniti
- Jaguar
- Jeep
- KIA
- Koenigsegg
- Lamborghini
- Land Rover
- Lexus
- Lincoln
- Lotus
- Luxury
- Maybach
- Mazda
- McLaren
- Mercedes
- Mini Cooper
- MITSUBISHI
- Modification
- Mustang
- Nissan
- ODYSSEY
- Opel
- Pagani
- Peugeot
- Porsche
- Proton
- Range Rover
- Renault
- Seat
- Smart
- Spyker
- SsangYong
- Subaru
- Suzuki
- Tesla
- Toyota
- Truck
- Unique Car
- Vauxhall
- Volvo
- Xtreme Car
Popular Posts
-
SPESIFIKASI Cadillac Escalade | Incaran Maling Nomor Satu Most cars are stolen in the United States certainly has its own advantages for the...
-
As if the Citroën Survol t didn't have creative enough a color scheme going on as it was unveiled at the Geneva Motor Show earlier thi...
Fiat and Russian carmaker Sollers seeking a 2.1 billion euro loan
Monday, July 5, 2010The Russian news wire Interfax reported that the joint venture between Fiat S.p.A. and Russian carmaker Sollers is seeking a 2.1 billion euro ($2.6 billion) syndicated loan.
Labels: Fiat