Support The Moscow Times!

Daimler-GAZ Partnership

Daimler, the world’s largest truckmaker, said Thursday that it would begin producing Mercedes-Benz Sprinter vans at a factory owned by billionaire Oleg Deripaska’s GAZ, expanding its commercial-vehicle presence in Russia.

Daimler will invest more than 100 million euros ($131 million) in manufacturing the delivery van at GAZ’s plant in Nizhny Novgorod, the company said. Output may total about 25,000 units a year, it said. 

(Bloomberg)

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.