Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Avtotor Seeks $3 Billion Kaliningrad Car Project, Vedomosti Says

Avtotor, a closely held Russian car manufacturer, wants to start 100 billion rubles ($3 billion) project in its home Kaliningrad region to produce 350,000 cars a year by 2018, Vedomosti said today, citing Avtotor’s chairman Vladimir Sherbakov.

Avtotor may set up joint ventures with international car-makers, including Bayerisce Motoren Werke AG and General Motors Co. to produce cars and auto parts, newspaper said. The partners may take stakes of between 30 percent and 50 percent in the ventures.

Avtotor and its partners will provide as much as 80 billion rubles for the project, while Russian government may help to fund it with between 20 billion rubles and 25 billion rubles, Vedomosti said citing Sherbakov.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.