Isuzu inks Russian truck assembly venture

Newswire

MOSCOW, July 30 (Reuters) - Japanese truck maker Isuzu Motors Ltd. signed a joint venture agreement on Monday with Severstal-Avto to assemble 25,000 commercial vehicles and trucks a year in southern Russia. According to company documents Severstal-Avto will own 66 percent of the venture, based in a special economic zone in the Republic of Tatarstan. Isuzu will own 29 percent and 5 percent will belong to Japanese trading company Isuzu Sojitz. "The Russian market is growing rapidly and is ...

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