General Motors Corp. has opened its first assembly plant that will build the Cruze compact car.
The $300 million factory was dedicated today outside of St. Petersburg, Russia. Media reports have said that GM will use the plant to supply Europe with its new global compact car starting next spring. The plant is to produce 70,000 cars a year.
GM has said it will start building the Cruze at its Lordstown complex in 2010, but some reports indicate that the automaker will delay that launch. GM plans to make the Cruze at several locations around the world. GM is to make announcements today regarding its attempts to save money.