Toyota marks Russian Camry milestone
Published: 31 March, 2008, 08:54
Japan’s biggest carmaker Toyota will start selling the first Camry sedans made in Russia on Monday. The cars will roll out of an assembly plant in Saint Petersburg.
Locally made cars will retail at more than $US 33,000.
That’s 9% lower than the price of imported Camrys.
So far the capacity of the Saint Petersburg plant stands at 20,000 cars a year, but there are plans to increase production to 200,000 in the next few years.
31.03.2008, 08:34
Russian banks flooded by foreign billionsForeign banks are flooding into Russia, despite tight regulations and lack of liquidity. Analysts say merger and acquisition activity could bring as much as $US 2 billion into Russia this year alone. |
31.03.2008, 09:11
UK’s biggest supermarket eyes RussiaBritain’s largest supermarket chain Tesco may soon open its first store in Russia. |
