Roaring Ahead On Russia's Roads

In cars and light trucks, GAZ makes money in bumpy times

Sitting beneath a banner showing a leaping stag, the symbol of Russia's GAZ auto plant, company President Nikolai Pugin waves his arm toward the balcony. "Come on down," he tells dissident shareholders, who are shouting down every measure proposed at GAZ's third annual meeting. "Sit in the front rows if you have something to say." But when one malcontent asks him to confirm whether middle managers earn 13 times as much as assembly-line workers, Pugin ducks. "That's not a serious question," he replies.

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