Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Porsche Offered ZIL Plant

Mayor Yury Luzhkov invited Porsche to build cars at the ZIL factory, where Soviet-era limousines were once produced, Interfax reported Monday.

Luzhkov made the offer at a meeting with Porsche chief executive Wendelin Wiedeking and former German Chancellor Gerhard Schr?der in Moscow on Friday, the agency said.

Porsche will review the offer, Wiedeking said, Interfax reported. ZIL made limousines for Soviet leaders and now makes trucks.

Renault makes cars at a former Moskvich auto plant. This year, Renault will produce 130,000 units there and as many as 250,000 next year, Luzhkov said, Interfax reported.

General Motors may make economy cars in Russia with Oleg Deripaska's GAZ, the maker of the Volga sedan, Kommersant reported Monday.

The carmakers are discussing the assembly in Russia of an $8,000 economy model, the paper said, without saying where it got the information. GM chief executive Rick Wagoner and Deripaska held talks on the venture last week, Kommersant reported. A formal announcement may come by the end of the year, the newspaper said.

The deal is among six preliminary accords, worth $1.7 billion, that the Economic Development and Trade Ministry signed with international carmakers Sept. 14, Kommersant said. The carmakers include Fiat, Isuzu and SsangYong, the ministry said, Kommersant said.