Russian carmakers face generation gap at car show

Newswire

By Simon Shuster MOSCOW, Aug 27 (Reuters) - Local carmakers took a backseat to foreign brands at the Moscow carshow this week, and a top industry expert said it will take 10 years and a generational shift for Russia's automotive industry to catch up to the West. Russian carmakers have lost pace with their rivals, targeting annual sales of more than 745,000 units while foreign makers are expected to assemble over 600,000 here and import 1.8 million more. The leading Russian car brands ...

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