Toyota plans to open Russian plant in 2006 -Kyodo

Newswire

TOKYO, Nov 27 (Reuters) - Toyota Motor Corp plans to build a factory in the Russian city of St. Petersburg, the first local production in that nation by any Japanese carmaker, company officials were quoted by Kyodo news agency as saying. The plant would start production in 2006. The move by the world's second-largest carmaker is aimed at opening the Russian market, where demand for automobiles is growing rapidly. Toyota has been exporting its Corolla passenger cars and sport-utility ...

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