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Gaz OAO to Invest RUB 8 Billion in Next Series-Interfax

Monday, 18 Nov 2013 07:16am EST 

Interfax reported that Gaz OAO (GAZ) Group plans to invest about RUB 7 billion to RUB 8 billion to manufacture the next version of the Next series of vehicles, GAZ President Mr. Bo Andersson told the press. This investment will be made over the next three years, he said. The group plans to produce the GAZelle Next with capacity of 5 tons, the Sobol Next, a light truck and Gazelle Next with an all-metal wagon. Mr. Andersson said RUB 2 billion to RUB 3 billion would be spent on the Sobol Next. GAZ invested over RUB 4 billion in the first three versions of the series (single row and double row Gazelle Next vehicles and small buses), he said. GAZ began producing the new LCV single row Gazelle Next model in April 2013. Sales of the two-row Gazelle Next are due to begin in November 2013 and the buses in early December. Earlier the Gazelle Next was due out in September and the buses in October. GAZ also said earlier that it planned to offer consumers a Gazelle Next with full weight of up to 5 tons, the Ermak medium tonnage truck with 10 ton capacity and a Gazelle Next with an all-metal wagon in 2014. 

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