08/06/1998 11:28:35 BMW looks at vehicle assembly in Russia
MUNICH, Aug 6 (Reuters) - Germany's BMW AG is looking at the
possibility of starting the assembly of cars in Russia with
ready-made parts and components, the Munich-based luxury car
maker said on Thursday.
BMW strategy in Russia was under constant review and
included "considerations of eventual knock-down kits production
in Russia," a BMW spokesman said.
Knock-down kit assembly involves the production of cars with
ready-made components and parts.
The company declined to comment on a German press report
that BMW representatives plan to visit two plants in Kaliningrad
owned by Russian vehicle maker ZAO Avtotor in coming weeks. The
report cited ZAO Avtotor chief Valery Sokolov.
ZAO Avtotor expects to sign a cooperation deal with BMW on
vehicle assembly by the middle of this month, according to a
report in the Sueddeutsche Zeitung.