Toyota opens first plant in Russia

Newswire

ST PETERSBURG, Russia, Dec 21 (Reuters) - Japan's top automaker, Toyota Motor Corp , will open its first plant in Russia on Friday, aiming to produce 50,000 Camry sedans annually, the company said in a statement. The $121 million plant, which is also Russia's first to produce premium-class cars, is expected to increase output to 200,000 per year at a later stage. Russian president Vladimir Putin and Economy Minister Elvira Nabiullina are expected to attend the opening ceremony in ...

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