GAZ Gets GM Nod On Buying Stake In VM Motori

Russia's largest car manufacturer, GAZ Group, has announced its plans to buy a 50% stake in Italian diesel engine producer VM Motori, after General Motors (GM) permitted the Russian automaker to buy the stake from US-based Penske Corporation. The deal, which has already been signed by both parties, is subject to approval by the European

To read the full article, please choose one of the following options: