Auto execs woo Russia's new rich at Moscow show

Newswire

By James Kilner MOSCOW, Aug 30 (Reuters) - Besuited Western car manufacturing executives flocked to Moscow's annual car show on Wednesday to woo newly rich Russians who have spurred a boom in luxury sales. Russia is the world's second-largest oil exporter and this year's record high prices have swelled the economy and fuelled Muscovites' taste for conspicuous consumption. "It's definitely new money buying our cars in Russia," said Oksana Khartonyuk, marketing manager for Porsche in ...

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