GM poured $ 1 billion into Russia

- China, Russia is the market GM expects foreign investment to $ 1 billion in five years.
 
GM optimistic that the Russian market will continue to grow. Recently, the company announced $ 1 billion investment in the plant components and new vehicle production plant in Russia for five years.

GM now owns three major production lines in Russia, however, members of the Big 3 hope to continue profitability in emerging markets, but the fast pace of development. Car sales in the last year in this market increased by 40% over the same period earlier. GM affiliates in Russia will be under the management of GM Europe, which Russia has become the fastest growing major market in volume, compared with the aging Europe.

Tim Lee, executive director of GM's international affirmation of investments, but not specify where the new plant is set. Recently, GM is expanding its small car factory and sized at St. Petersburg, which produces the Chevrolet Cruze and Opel Astra chassis. If the expansion of the plant is carried out, this will also be the place of production Opel Astra sedan.

Mr Lee also said Reuters that the Chevrolet Niva SUV soft 2 bridge, a link between GM and AvtoVAZ will be output nearly doubled, from 70 thousand units to 120 thousand units a year.

Russia is a new but very successful market for GM. Car production at GM's South Korean branch Lacetti and Tahoe SUV is very popular here.