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. Last Updated: 07/27/2016

AvtoVAZ to Get Opel Deal?

AvtoVAZ expects to gain access to Opel’s technology after Magna International and Sberbank buy the German carmaker, chief executive Igor Komarov said Saturday, Interfax reported.

Magna and Sberbank may use AvtoVAZ to build a budget car for the Russian market, Interfax said, citing Sberbank CEO German Gref Saturday. Sberbank and Magna are interested in working with AvtoVAZ on possible car parts production, the service said.

(Bloomberg)