GAZ Group and Daimler to Finalize Contract Assembly Agreement

Assembly of the Mercedes-Benz Sprinter at the Nizhny Novgorod plant will commence in the first quarter of 2013. According to GAZ Group president Bo Andersson, 2013 will see the production of 9 thousand Sprinter vans, and the output will be increased up to 29 thousand vehicles in 2020. Sales and servicing of these vehicles will be organized through the existing Mercedes-Benz dealership network, with support of the selected GAZ dealerships. Plans also call for local production of engines, transmissions, axles, and other components, which will then be used in the Mercedes-Benz Sprinter and in the GAZ product portfolio. Daimler plans to invest €100 million in the project.

Daimler and GAZ signed the related MoU in December 2010.