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Jeffrey Glover quits his post as GM-AVTOVAZ director general

His successor will be announced later

Photo ITAR-TASS

Photo ITAR-TASS

SAMARA, May 13 (Itar-Tass) - Jeffrey Glover quits his post as Director General of the GM-AVTOVAZ joint venture starting from June 1, 2013. His successor will be announced later, the press service of the carmaker told Tass on Monday.

“Glover returns to Ruesselsheim (Germany) in connection with his appointment as director in charge of speeding up Opel/Vauxall projects. In his new position Glover will supervise restructuring processes underway at Opel,” the press service of GM-AVTOVAZ said.

Jeffrey Glover has led the joint venture from December 1, 2009. He replaced John Hanson, who had returned to the US after three years of successful leadership.

GM-AVTOVAZ is a joint venture set up in Togliatti by Russian carmaker AVTOVAZ, US General Motors and the European Bank for Reconstruction and Development. The joint venture launched car production on September 23, 2002.

This year it plans to produce 62,500 Shevrolet NIVA cars. From May 1, 2013 the carmaker edged up car prices by 2,000 roubles. Chevrolet NIVA L costs 449,000 roubles (about 14,967 US dollars), Chevrolet NIVA LC costs 478,000 roubles (about 15,900 US dollars), the LE modification costs - 507,000 roubles (about 16,900 US dollars), GLS - 520,000 roubles (around 17,300 US dollars), and GLC - 547,000 roubles (about 18,230 US dollars). Prior to this, prices grew from January 1, 2013.

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