OREANDA-NEWS. On August 30, 2007 Board of Directors Meeting of GM-AVTOVAZ Joint Venture took place in Togliatti, reported the press-centre of GM-AVTOVAZ. 

In the constructive atmosphere the shareholders discussed the quarterly operation results and underlined a successful development of the business which allows for paying dividends to the partners. Members of the Board and the JV management discussed quality improvements, utilizing of production capacities of the Company and a production plans proposals for 2008.

Mr. Duncan Senior was unanimously elected as a new BoD member from EBRD replacing Mr. Victor Pastor.