In 2007, Russian truck manufacturer KAMAZ will invest $54,000 in support of innovation activities of students, teachers of universities and company’s young employees. It is planned to give 6-month grants, and a possibility of their prolongation for 6 months more is discussed.

Grant supply of innovation activities will be aimed at financing fundamental scientific research work of universities related to fulfillment of KAMAZ`s foreground tasks. KAMAZ 

Russia`s greatest manufacturer celebrates 65th annyversary Ulyanovsk Automotive Plant, UAZ, today a part of Severstal-Auto, Russia`s major automotive holding, recently has celebrated 65th anniversary of its foundation.

The history of Ulyanovsk Automotive Plant, one of the oldest companies of Russian automotive sector, started in 1941, at the beginning of the World War II, when a decision was made to evacuate all major industrial facilities of Moscow to Siberia, Ural and Volga. The plant was based 

Volvo CE: China capitulates! Volvo Construction Equipment said it has signed a deal to take a 70 pct stake in Shandong Lingong Construction Machinery Co, based in east China"s Shandong province.

"This is a long term strategic investment which will put Volvo CE in a very strong position in China"s construction equipment market," Volvo CE chief executive Tony Helsham said in a statement.

The statement did not provide any financial details 

Kawasaki aims at India and Russia Kawasaki Heavy Industries Ltd will set up local offices in Russia and India on January 1 to expand sales in the two emerging markets.

Kawasaki aims to increase sales of construction equipment and robots in Russia, as well as railroad cars and motorcycles in India.

The new offices will be located in Moscow and Delhi, and will be responsible for market research and sales under the direct control of Tokyo headquarters.

The company 

Volvo and Nissan merge to fight for Europe The German wholly owned dealer network of Volvo Truck Corporation and the German subsidiary of Nissan Europe, agreed conditions to enable the distribution of three of Nissan’s light commercial vehicles through the Volvo dealer network in Germany. The cooperation includes sales and after sales activities. The intention is to extend the cooperation to other markets in Europe.

The Nissan line up of vehicles to be offered