Tuesday, November 06, 2007

GAZ to invest $2bn

The Gaz Group says it will spend $2bn to renew 90% of its product range as part of a four-year plan. It aims to use a combination of acquisitions, partnerships and strategic alliances to grow to world status. It recently took a stake in the Canadian automotive parts maker, Magna International and has a partnership deal with AVL in Austria to develop a new, medium-sized diesel engine. The group bought the LDV Group in 2006.

DATED: 06.11.07

FEED: TNB





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