AM Online

Toyota and Nissan eye Russian market

Toyota Motor Corp and Nissan Motor Company may make cars in Russia to boost sales in what is expected to be the world's third-fastest growing car market over the next four years.

The carmakers may set up factories in the country, Takis Athanasopoulos, executive vice-president of Toyota Motor Europe, and Nissan executive vice-president Patrick Pelata said at the Paris Motor Show.

The two Japanese carmakers would be following General Motors and Ford into Russia. Ford has a five-month waiting list for its Russian-built Focus compact car. Toyota, the biggest importer in the country, expects sales in Russia to increase 92% next year, while Nissan aims to triple sales.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.