Internet guide to St. Petersburg, the cultural capital of Russia Internet Explorer: add to favorites 
St. Petersburg guide / Home page
 News | Events | Playbill | City | Tourism | Accommodation | Business
 Culture | Dine & Wine | Nightlife | Family | Health & Sports | Excursions
Services | Shopping | Classifieds | Forums | Map | Weather | Articles

Personal live guide to PetersburgOnline excursionsApartments rent
 in St.Petersburg: October 23, 2017; 10:35pm (GMT+4). Search:
 Business news All business news in St. Petersburg 
Warning: current() expects parameter 1 to be array, null given in /home/webs/city.air.spb.ru/system/advert.robo on line 24
News at PetersburgCity.com
City news
Business news
Culture news
Anniversary news

Warning: current() expects parameter 1 to be array, null given in /home/webs/city.air.spb.ru/system/advert.robo on line 24
Business news
Toyota to Design Low-Cost Cars for Russia
01.18.2007 15:29

toyota Toyota has officially confirmed the intention to design a car for Russia that will cost $6,000 to $7,000. Toyota has become the fourth automobile giant that voiced similar plans, signaling Russia’s car makers will be threatened by the world consortiums rather than by the Chinese ones.

Toyota will design a new car for emerging markets, including Russia, Toyota President Katsuaki Watanabew told Nikkei yesterday. It will be a low-cost car with the price of $6,000 to $7,000. The sales are slated to begin in 2010.

At stake is a model of the B-class, similar to Renault Logan, said Valery Tarakanov, who is an automobile industry’s analyst.

So, Toyota will soon become the fourth automobile consortium to sell low-cost cars here. Renault has launched the Logan assembly (from $11,000) at Moscow Autoframos. In September, Volkswagen announced the plans to assemble the ˆ7,000 cars in Russia and Nissan voiced similar intention past week (Nissan’s cars will cost from $5,000 to $7,000).

Watanabew didn’t specify the location of the plant to assemble a new model. But Toyota’s facilities in St. Petersburg are estimated to reach full production capacity exactly by 2010. Toyota will assemble its low-cost cars in Russia, Brazil, India and China, Tarakanov said, attributing this intention of the automobile giant to its desire to stop expansion of Chinese cars.

News source: kommersant.com
Print this news


Business news archive for 18 January' 2007.
Business news archive for January' 2007.
Business news archive for 2007 year.
City news archive
January' 2007
SuMoTuWeThFrSa
 123456
78910111213
14151617181920
21222324252627
28293031   
       
Archive for 2007 year


 News | Events | Playbill | City | Tourism | Accommodation | Business
 Culture | Dine & Wine | Nightlife | Family | Health & Sports | Excursions
Services | Shopping | Classifieds | Forums | Map | Weather | Articles

Site Map | Search | Help/feedback | About | Advertise with us

Contacts: info@petersburgcity.com

(c) 2001-2016 "Information Resources" Agency