DETROIT -- Russia's Gorky Automotive Works, known as GAZ, is buying the tooling for the outgoing Chrysler Sebring and Dodge Stratus sedans.
GAZ plans to take possession of the tooling after model changeover at DaimlerChrysler's Sterling Heights, Mich., plant in May.
The Michigan plant is getting a $278 million makeover to build the next-generation Sebring and Stratus and a small vehicle line as well, said Dave Elshoff, a DaimlerChrysler spokesman. He declined to disclose terms of the GAZ deal.
GAZ will have the rights to produce the vehicles in Russia and the Commonwealth of Independent States. But GAZ will not be allowed to sell them with the Chrysler and Dodge brand names. GAZ sells cars under the Volga and Gazelle brands. The company builds 250,000 vehicles a year and has 18 percent of the Russian market.