GAZ Group and Volkswagen Group Rus celebrate their fifth year of cooperation

GAZ Group, a company of Basic Element, a major diversified industrial group in Russia, and Volkswagen Group Rus celebrate their fifth year of cooperation. Since the start of production, 170 thousand cars SKODA Yeti, Volkswagen Jetta and SKODA Octavia have been produced in Nizhny Novgorod.

GAZ Group and Volkswagen Group Rus celebrate their fifth year of cooperation GAZ Group and Volkswagen Group Rus are celebrating the fifth anniversary of their cooperation. In June 2011, the parties signed an agreement on contract manufacturing in Nizhny Novgorod and already six months later, in December 2011, they started SKD assembly of SKODA Yeti. The full-cycle production (CKD) of SKODA Yeti was launched in December 2012, including body welding, painting and general assembly.

In 2013, Volkswagen Jetta and SKODA Octavia started to be produced at Nizhny Novgorod site. The total number of cars produced by now in the framework of the agreement between Volkswagen Group Rus and GAZ Group has reached 170 thousand. The maximum design production capacity is 132 thousand vehicles per year. The total investment in the equipment and infrastructure amounts to 300 million euros.

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Marcus Osegowitsch, CEO of Volkswagen Group Rus:

- Volkswagen Group Rus is successfully implementing a long-term strategy of localization of production and guarantees reliability and high quality of produced cars. Thanks to the cooperation with GAZ Group, we have production flexibility, which allows us to adapt to market demand, as well as the professional team capable of securing a manufacturing process in compliance with the global standards of Volkswagen Group.

Manfred Eibeck, CEO of Russian Machines Corporation:

-170 thousand cars is an excellent result of a five-year partnership with Volkswagen Group Rus, which proves the effectiveness of our cooperation. The production site of GAZ Group and the qualified employees provide high-quality of the products in full compliance with the strict requirements of our partners. We continue our fruitful cooperation with Volkswagen Group Rus within the framework of ongoing tasks and we believe we have all the necessary resources for implementation of new potential joint projects.