Russian truck maker to ask govt for $1 bln -paper

Newswire

MOSCOW, Oct 31 (Reuters) - Russian truck maker Kamaz , a potential acquisition target for Germany's Daimler , will ask the state for $1 billion, in part to meet EU emissions standards, Kommersant reported on Friday. Kamaz has said Russia's truck market could decline by 20 percent next year. It has moved to a four-day working week and started staff cuts of around 10 percent. Citing information from the Kamaz plant in the central Russian region of Tatarstan, Kommersant said $452 million of ...

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