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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.

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