China's Chery expects decision soon on Russia plant

Newswire

SHANGHAI, Jan 25 (Reuters) - China's Chery Automobile expects a decision soon on a possible $100 million investment in a new Russian plant, which it has been discussing with its Russian partner, Avtotor, for more than a year, a senior Chery executive said on Thursday. If the deal goes through, it would be one of the largest monetary investments overseas by Chery, a mid-sized but fast-growing automaker in east China. Chery has been assembling cars in Russia, Urugay, Iran, Egypt and South ...

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