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Oct 14, 2008

TRUCKMAKERS WORLDWIDE * Russia - Crisis Extended to Automobile and Truck Makers

The global financial crisis reached real economy

Moscow,Russia -Kommersant -9 Oct 2008: -- Metal producers and car makers are forced to lower the output... GAZ truckmaker stopped the production line till October 13 and KamAZ shortened a working week by a third... GAZ Group announced yesterday it suspended Gazel production for a week October 6. They won’t assemble 2,000 Gazels over the period, which won’t affect “execution of annual target,” GAZ representatives vowed... (Photo: Nikolay Cyiganov - Although GAZ promises to execute 2008 production target, the decline in production has started already)

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