Sollers Chief Says Fiat Russian Venture Plans to Make 500,000 Cars a Year
Stock Chart for Sollers OJSC (SVAV)
OAO Sollers Chief Executive Officer Vadim Shvetsov said the Russian carmaker’s venture with Fiat SpA will eventually produce 500,000 vehicles a year.
The venture, funded by state development bank VEB, will make 300,000 vehicles a year in the fist stage of production, later increasing that to half a million, Shvetsov told reporters in Khabarovsk on the Chinese border today.
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