OREANDA-NEWS. At the last meeting of the Board of Directors of GM-AvtoVAZ shareholders supported the decision of joint venture to resume the project of the new generation of Chevrolet Niva in the near future. The press service of GM-AvtoVAZ informed the agency "AUTOSTAT", by adding that to date, the joint venture is negotiating with credit institutions and government agencies on funding conditions, which will allow the resumption of work on the project.

"To solve these issues, in accordance with our estimation, it will take about a month, although the process may take longer because of the instability of the exchange rate and general economic instability. We intend to resume immediately the work on the project, as soon as all the necessary formalities will be completed ", - informed the press service of GM-AvtoVAZ. - With regard to the terms of the start of production, we are making the last amendments to the updated schedule of the project with all its components, including the readiness of our suppliers. Once this process is completed, we will make the appropriate statement".

Recall that the concept of a new generation of Chevrolet Niva SUVs was presented in August of the last year at the Moscow International Motor Show. As it was reported, the car will be equipped with a gasoline engine of 1.8 liters. Its torque is greater by 30% than the current model has. Transmission will be a classic for SUV: 5-speed manual transmission, permanent four-wheel drive, differential lock and transfer case with low transmission.