Friday, January 13, 2012

GM creating more Russia

  President Obama keeps talking of bringing jobs back to this country.............and?

GM plans to increase production in Russia from 232,000 units in 2010 to more than 520,000 in 2015, said Alan Draper, vice president in charge of purchasing at Ford of Europe. The company will invest $1 billion.
"The reason we are there is we see opportunity," James Bovenzi said on Jan. 12 on the sidelines of the Detroit auto show. "There is a lot of pent-up demand in Russia... The average vehicle is more than 10 years old," he said. "The middle class is growing and nine of the 10 best-selling cars in Russia are foreign brands," he said, adding that GM's Chevrolet was a top-seller. "Russia will (soon) be one of the most important markets in the world," Draper said. He added  that plants established there by respected parts suppliers could improve quality and let international firms meet local content requirements.

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