JAPAN AUTO MANUFACTURERS PUSHING INTO RUSSIA
December 1st, 2007
BY JULIAN RYALL, in Tokyo
WITH the start of production at its new automotive plant in the Shushary district of St. Petersburg on December 21, Toyota will become the latest Japanese car manufacturer to set up shop in a market it says has "tremendous potential" and is looking forward to the roll-out of the first Russian-built Camry.
Initial production has been set at 20,000 units a year, but annual capacity of the Yen15 billion (US$132 million) plant stands at 50,000 units, according to Toyota spokesman Paul Nolasco, who added that Toyota's Land ...
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