Chinese Dong Feng to invest USD30mn in ZAZ

Dong Feng Automobile announced plans to invest into production of light trucks at ZAZ by 2011. Assembly will be organized at Illichivsk automobile aggregates plant, which is a part of ZAZ. The company intends to produce 1.5-2 thousand vehicles in Ukraine in 2006, to be sold through dealer network of Ukravto. The latter owns 81.59% of AvtoZAZ (ZAZA), which is the owner of 50% in ZAZ.