General Motors to increase car production in Russia

MOSCOW, March 1 (Reuters) -U.S. General Motors said on Tuesday that it plans to increase production in Russia to 350,000 cars a year.

"GM's goal is to produce up to 350,000 vehicles annually and reach an average component localisation rate of 60 percent," the company said in a statement.

Earlier in the month, sources told Reuters that GM and Russia's Avtotor plan to form a joint ...