Japan's IHI plans auto parts venture in Russia


TOKYO, Jan 26 (Reuters) - Japan's Ishikawajima-Harima Heavy Industries Co. (IHI) said on Friday it planned to set up a joint venture with Russian truck maker ZIL in Moscow in April to produce automotive body panels to meet growing demand. Russia has become one of the hottest destinations for international car companies as auto sales in the country rocket on the back of brisk economic growth, an expanding middle class and a taste for foreign brands. Car sales in the country rose 20 ...

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