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. Last Updated: 07/27/2016

GAZ Plans to Launch Chrysler Model in 2008

A new car planned by GAZ, based on older-generation Chrysler models, will be priced at between $18,000 and $25,000, the company said Monday.

Production of the car is expected to start next year, and sales will start in April or May, said Vladimir Torin, a GAZ spokesman. The carmaker, which is best known for its Soviet-era Volga sedan, will produce around 20,000 cars in 2008, later rising to 65,000 cars per year.

GAZ, the country's second-biggest automaker, has said the car will be sold under a Russian brand name, but has yet to announce it.

"This will be a completely new car which will absorb features of both the Chrysler Sebring and the Dodge Stratus," Torin said.

Last year GAZ bought licenses and equipment from Chrysler to produce the older Chrysler Sebring and Dodge Stratus models. The cars will be assembled at GAZ's Nizhny Novgorod plant that now makes the Volga.

Three versions of a mid-sized, D-class model will be priced at between $18,000 and $25,000. The firm said last April that the prices would start at $17,000.

The decision on the pricing has been made following an annual conference of GAZ dealers, which ended March 4, Torin said.