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 PetersburgBusiness in St. PetersburgVisa support for your trips
 in St.Petersburg: December 17, 2017; 3:41pm (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

Hot topics
Visa Support
“Stars of the White
Nights” Festival

“Day of the City”
program

Popular search words this week

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
Nissan set to open St Petersburg plant in May
02.11.2009 14:35

nissan Japan's Nissan Motor Co plans to open a car plant in St Petersburg in May, despite the global financial crisis, and has begun testing vehicle assembly there, a city official said on Tuesday.

Japan's third-largest auto maker is building a $200 million factory with an annual capacity of 50,000 cars in Russia's second city, St Petersburg, sometimes referred to as the Russian Detroit because of its booming automotive industry.

"Now the test assembly of cars is going on, the factory opening will be at the end of May," Maxim Sokolov, the head of St Petersburg's committee on investment and strategic projects, told journalists.

Last November, when U.S. automotive giant General Motors launched its first wholly owned Russian factory in St Petersburg, the Nissan project had been expected to start operations this February.

Russia had been poised to become the largest car market in Europe this year, but the global financial crisis has taken its toll, with car sales now expected to fall by as much as 50 percent compared with 2008 levels.

Nissan, owned 44 percent by France's Renault SA , said this week it would cut 20,000 jobs as it braces for its first annual loss in a decade. (Reporting by Denis Pinchuk, writing by Toni Vorobyova, editing by Will Waterman)

News source: reuters.com
Print this news


Business news archive for 11 February' 2009.
Business news archive for February' 2009.
Business news archive for 2009 year.
Culture news archive
February' 2009
SuMoTuWeThFrSa
1234567
891011121314
15161718192021
22232425262728
       
       
Archive for 2009 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