GAZ Group
In 2008, "GAZ Group" has agreed to buy 50% of Italian VM Motori and localization of its engines. Closing of the transaction was to take place after the approval of the antitrust authorities. GAZ Group has also entered into an agreement with General Motors who controlled 50% of VM Motori on the basis of co-ownership of the Italian company. In mid-2009, the deal was canceled in the aftermath of the economic crisis.