“The move will allow us increased input when it comes to developing future engines for the Maxus range,” says LDV chief executive, Evgeniy Vereshchagin. It also allows GAZ to set up production of VM diesels in Russia under licence for Maxus and its Gazelle model, which is not sold in the UK.
VM used to be wholly owned by Penske. GM purchased its half of the firm from Penske in 2007.